Steem Trading 5.9% Higher Over Last Week (STEEM)

Steem (STEEM) traded up 2.2% against the US dollar during the 1 day period ending at 0:00 AM E.T. on June 24th. One Steem coin can now be purchased for about $0.20 or 0.00000319 BTC on popular exchanges. Steem has a total market capitalization of $90.68 million and $3.40 million worth of Steem was traded on exchanges in the last day. During the last week, Steem has traded up 5.9% against the US dollar.

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

• Bitcoin (BTC) traded down 2.6% against the dollar and now trades at $61,232.14 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 1.3% higher against the dollar and now trades at $0.12 or 0.00000200 BTC.
• Bitcoin Cash (BCH) traded 0.3% lower against the dollar and now trades at $375.65 or 0.00613488 BTC.
• UNUS SED LEO (LEO) traded 0.4% lower against the dollar and now trades at $5.76 or 0.00009415 BTC.
• Litecoin (LTC) traded down 1.8% against the dollar and now trades at $70.58 or 0.00115261 BTC.
• Ethereum Classic (ETC) traded up 2.9% against the dollar and now trades at $23.41 or 0.00038235 BTC.
• Monero (XMR) traded down 1.6% against the dollar and now trades at $162.48 or 0.00265349 BTC.
• Arweave (AR) traded up 7.9% against the dollar and now trades at $29.05 or 0.00047440 BTC.
• Bitcoin SV (BSV) traded up 0.2% against the dollar and now trades at $44.75 or 0.00073075 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 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 464,944,520 coins. The official website for Steem is steem.com. 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 Twitter account is @steemit and its Facebook page is accessible 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.”

Steem Coin Trading

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, 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