Steem (STEEM) One Day Trading Volume Tops $903,009.39

Steem (STEEM) traded 1.7% lower against the dollar during the one day period ending at 17:00 PM ET on June 29th. One Steem coin can now be purchased for approximately $0.20 or 0.00000322 BTC on major cryptocurrency exchanges. Steem has a market capitalization of $91.30 million and approximately $903,009.39 worth of Steem was traded on exchanges in the last day. In the last seven days, Steem has traded down 0.7% against the dollar.

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

• Bitcoin (BTC) traded 1.2% higher against the dollar and now trades at $60,950.50 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 0.9% against the dollar and now trades at $0.12 or 0.00000201 BTC.
• Bitcoin Cash (BCH) traded 1% lower against the dollar and now trades at $381.59 or 0.00626060 BTC.
• Litecoin (LTC) traded 3.8% higher against the dollar and now trades at $75.82 or 0.00124392 BTC.
• UNUS SED LEO (LEO) traded up 1.5% against the dollar and now trades at $5.81 or 0.00009538 BTC.
• Ethereum Classic (ETC) traded down 1.3% against the dollar and now trades at $23.24 or 0.00038134 BTC.
• Monero (XMR) traded 0.7% lower against the dollar and now trades at $166.15 or 0.00272590 BTC.
• Arweave (AR) traded 5.4% higher against the dollar and now trades at $27.65 or 0.00045368 BTC.
• Bitcoin SV (BSV) traded down 0.4% against the dollar and now trades at $43.97 or 0.00072134 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

Steem Coin Profile

Steem is a proof-of-work (PoW) coin that uses the PoS hashing algorithm. It launched on March 24th, 2016. Steem’s total supply is 465,317,590 coins. Steem’s official Twitter account is @steemit and its Facebook page is accessible here. Steem’s official website is steem.com. 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 possible to buy alternative cryptocurrencies such as Steem directly using U.S. dollars. Investors seeking to acquire Steem should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, GDAX or Changelly. 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