Steem (STEEM) Price Tops $0.30 on Exchanges

Steem (STEEM) traded 9.8% higher against the dollar during the 1 day period ending at 16:00 PM Eastern on May 2nd. Over the last week, Steem has traded 6.1% lower against the dollar. Steem has a market cap of $138.62 million and $89.60 million worth of Steem was traded on exchanges in the last day. One Steem coin can currently be purchased for $0.30 or 0.00000509 BTC on major exchanges.

Here is how other cryptocurrencies have performed over the last day:

• Bitcoin (BTC) traded 2.8% higher against the dollar and now trades at $59,122.55 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 3.3% higher against the dollar and now trades at $0.13 or 0.00000224 BTC.
• Bitcoin Cash (BCH) traded up 3.2% against the dollar and now trades at $429.36 or 0.00726218 BTC.
• Litecoin (LTC) traded 1.7% higher against the dollar and now trades at $80.35 or 0.00135911 BTC.
• UNUS SED LEO (LEO) traded up 2.1% against the dollar and now trades at $5.94 or 0.00010051 BTC.
• Ethereum Classic (ETC) traded 2.7% higher against the dollar and now trades at $25.69 or 0.00043455 BTC.
• Arweave (AR) traded up 25.8% against the dollar and now trades at $35.47 or 0.00060002 BTC.
• Monero (XMR) traded up 0.1% against the dollar and now trades at $122.45 or 0.00207115 BTC.
• Bitcoin SV (BSV) traded up 2% against the dollar and now trades at $59.30 or 0.00100299 BTC.
• eCash (XEC) traded up 4.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.

About Steem

Steem (STEEM) is a proof-of-work (PoW) coin that uses the PoS hashing algorithm. Its launch date was March 24th, 2016. Steem’s total supply is 461,040,766 coins. Steem’s official Twitter account is @steemit and its Facebook page is accessible here. The Reddit community for Steem is https://reddit.com/r/steemit and the currency’s Github account can be viewed here. The official message board for Steem is steemit.com/@steemitblog. Steem’s official website is steem.com.

According to CryptoCompare, “Steem (STEEM) is a blockchain-based social media platform that rewards content creators with STEEM tokens. Created by Ned Scott and Dan Larimer, it promotes decentralized content creation and curation, providing an alternative to traditional social media.”

Buying and Selling Steem

It is usually not currently possible to purchase alternative cryptocurrencies such as Steem directly using US dollars. Investors seeking to acquire Steem should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Steem using one of the exchanges listed above.

STEEM/USD price chart by TradingView