Steem Tops 24 Hour Volume of $14.74 Million (STEEM)

Steem (STEEM) traded 0.4% lower against the US dollar during the 1-day period ending at 13:00 PM E.T. on July 29th. During the last week, Steem has traded down 0.7% against the US dollar. One Steem coin can now be purchased for $0.20 or 0.00000301 BTC on popular exchanges. Steem has a total market cap of $94.16 million and approximately $14.74 million worth of Steem was traded on exchanges in the last day.

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

• Bitcoin (BTC) traded 1.6% lower against the dollar and now trades at $66,923.52 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 0.7% against the dollar and now trades at $0.13 or 0.00000192 BTC.
• Bitcoin Cash (BCH) traded up 9.5% against the dollar and now trades at $439.89 or 0.00657305 BTC.
• Litecoin (LTC) traded 4.5% higher against the dollar and now trades at $74.26 or 0.00110964 BTC.
• UNUS SED LEO (LEO) traded 1.9% lower against the dollar and now trades at $5.73 or 0.00008562 BTC.
• Ethereum Classic (ETC) traded 0% higher against the dollar and now trades at $22.63 or 0.00033820 BTC.
• Monero (XMR) traded 1.4% lower against the dollar and now trades at $161.99 or 0.00242054 BTC.
• Arweave (AR) traded 2.5% higher against the dollar and now trades at $31.25 or 0.00046688 BTC.
• Bitcoin SV (BSV) traded up 12.6% against the dollar and now trades at $50.64 or 0.00075664 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

About Steem

Steem (CRYPTO: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 467,673,970 coins. 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. The official website for Steem is steem.com. 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.”

Buying and Selling Steem

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, Gemini 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