Steem Market Capitalization Achieves $130.40 Million (STEEM)

Steem (STEEM) traded up 0.7% against the dollar during the 24 hour period ending at 22:00 PM E.T. on May 9th. In the last seven days, Steem has traded down 5.1% against the dollar. Steem has a market cap of $130.40 million and approximately $4.11 million worth of Steem was traded on exchanges in the last 24 hours. One Steem coin can now be purchased for approximately $0.28 or 0.00000450 BTC on popular cryptocurrency exchanges.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

• Bitcoin (BTC) traded up 2.2% against the dollar and now trades at $62,808.37 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 3.5% against the dollar and now trades at $0.15 or 0.00000240 BTC.
• Bitcoin Cash (BCH) traded 0.3% higher against the dollar and now trades at $452.25 or 0.00720175 BTC.
• Litecoin (LTC) traded 1.8% higher against the dollar and now trades at $83.29 or 0.00132639 BTC.
• UNUS SED LEO (LEO) traded down 0.6% against the dollar and now trades at $5.90 or 0.00009393 BTC.
• Ethereum Classic (ETC) traded up 2.1% against the dollar and now trades at $27.66 or 0.00044047 BTC.
• Arweave (AR) traded 9.3% higher against the dollar and now trades at $42.21 or 0.00067216 BTC.
• Monero (XMR) traded down 0.7% against the dollar and now trades at $132.01 or 0.00210216 BTC.
• Bitcoin SV (BSV) traded 3.8% higher against the dollar and now trades at $64.89 or 0.00103336 BTC.
• eCash (XEC) traded 2.3% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.

About Steem

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 461,516,272 coins. The official message board for Steem 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. Steem’s official Twitter account is @steemit and its Facebook page is accessible here. 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 presently possible to buy alternative cryptocurrencies such as Steem directly using U.S. dollars. Investors seeking to trade Steem should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Steem using one of the aforementioned exchanges.

STEEM/USD price chart by TradingView