Steem (STEEM) Trading Down 7.8% This Week

Steem (STEEM) traded up 1.2% against the US dollar during the 1-day period ending at 20:00 PM Eastern on May 8th. During the last week, Steem has traded 7.8% lower against the US dollar. Steem has a total market capitalization of $129.25 million and $5.23 million worth of Steem was traded on exchanges in the last day. One Steem coin can now be bought for $0.28 or 0.00000457 BTC on popular exchanges.

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

• Bitcoin (BTC) traded down 1.8% against the dollar and now trades at $61,343.41 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 4% lower against the dollar and now trades at $0.14 or 0.00000235 BTC.
• Bitcoin Cash (BCH) traded 4% lower against the dollar and now trades at $449.56 or 0.00732860 BTC.
• Litecoin (LTC) traded 1.5% higher against the dollar and now trades at $81.79 or 0.00133335 BTC.
• UNUS SED LEO (LEO) traded up 1.4% against the dollar and now trades at $5.93 or 0.00009669 BTC.
• Ethereum Classic (ETC) traded 0.2% higher against the dollar and now trades at $27.12 or 0.00044210 BTC.
• Arweave (AR) traded 1% lower against the dollar and now trades at $37.90 or 0.00061790 BTC.
• Monero (XMR) traded 3.6% higher against the dollar and now trades at $132.19 or 0.00215500 BTC.
• Bitcoin SV (BSV) traded 1.8% lower against the dollar and now trades at $62.15 or 0.00101310 BTC.
• eCash (XEC) traded 2.4% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Steem Profile

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 461,438,563 coins. The Reddit community for Steem is https://reddit.com/r/steemit and the currency’s Github account can be viewed here. Steem’s official Twitter account is @steemit and its Facebook page is accessible here. Steem’s official message board 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.”

Steem Coin Trading

It is usually not possible to buy alternative cryptocurrencies such as Steem directly using U.S. dollars. Investors seeking to trade Steem should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Steem using one of the aforementioned exchanges.

STEEM/USD price chart by TradingView