Steem (STEEM) One Day Trading Volume Tops $12.84 Million

Steem (STEEM) traded down 1.9% against the U.S. dollar during the 24-hour period ending at 21:00 PM ET on May 4th. During the last week, Steem has traded up 2.1% against the U.S. dollar. Steem has a market capitalization of $136.75 million and $12.84 million worth of Steem was traded on exchanges in the last day. One Steem coin can now be bought for about $0.30 or 0.00000467 BTC on major exchanges.

Here is how related cryptocurrencies have performed during the last day:

• Bitcoin (BTC) traded up 0.8% against the dollar and now trades at $63,483.18 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 6.9% against the dollar and now trades at $0.16 or 0.00000252 BTC.
• Bitcoin Cash (BCH) traded 0.6% lower against the dollar and now trades at $461.17 or 0.00726442 BTC.
• Litecoin (LTC) traded 1.5% lower against the dollar and now trades at $81.22 or 0.00127944 BTC.
• UNUS SED LEO (LEO) traded 0.6% lower against the dollar and now trades at $5.83 or 0.00009177 BTC.
• Ethereum Classic (ETC) traded 1.7% lower against the dollar and now trades at $26.73 or 0.00042111 BTC.
• Arweave (AR) traded up 1.7% against the dollar and now trades at $35.70 or 0.00056231 BTC.
• Monero (XMR) traded down 2.1% against the dollar and now trades at $123.42 or 0.00194406 BTC.
• Bitcoin SV (BSV) traded down 0.6% against the dollar and now trades at $64.70 or 0.00101910 BTC.
• eCash (XEC) traded 0.7% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.

Steem Profile

Steem (CRYPTO:STEEM) is a proof-of-work (PoW) coin that uses the PoS hashing algorithm. It was first traded on March 24th, 2016. Steem’s total supply is 461,180,427 coins. The official website for Steem is steem.com. Steem’s official Twitter account is @steemit and its Facebook page is accessible here. Steem’s official message board is steemit.com/@steemitblog. The Reddit community for Steem is https://reddit.com/r/steemit and the currency’s Github account can be viewed here.

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 presently 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 Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Steem using one of the aforementioned exchanges.

STEEM/USD price chart by TradingView