Steem Trading Down 21.1% Over Last 7 Days (STEEM)

Steem (STEEM) traded down 1.8% against the dollar during the twenty-four hour period ending at 13:00 PM Eastern on August 7th. One Steem coin can currently be bought for approximately $0.15 or 0.00000271 BTC on exchanges. Steem has a total market cap of $71.29 million and $17.18 million worth of Steem was traded on exchanges in the last 24 hours. During the last week, Steem has traded down 21.1% against the dollar.

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

• Bitcoin (BTC) traded down 1.1% against the dollar and now trades at $56,144.91 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 1.1% lower against the dollar and now trades at $0.0971 or 0.00000173 BTC.
• Bitcoin Cash (BCH) traded 3.2% lower against the dollar and now trades at $313.62 or 0.00558584 BTC.
• UNUS SED LEO (LEO) traded 2% higher against the dollar and now trades at $5.78 or 0.00010288 BTC.
• Litecoin (LTC) traded down 3.8% against the dollar and now trades at $56.82 or 0.00101209 BTC.
• Monero (XMR) traded down 1% against the dollar and now trades at $147.83 or 0.00263297 BTC.
• Ethereum Classic (ETC) traded down 2.4% against the dollar and now trades at $17.97 or 0.00032002 BTC.
• Arweave (AR) traded 5.7% lower against the dollar and now trades at $19.88 or 0.00035414 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded up 3.6% against the dollar and now trades at $39.13 or 0.00069702 BTC.

Steem Profile

Steem is a proof-of-work (PoW) coin that uses the PoS hashing algorithm. Its genesis date was March 24th, 2016. Steem’s total supply is 468,385,131 coins. Steem’s official Twitter account is @steemit and its Facebook page is accessible here. The Reddit community for Steem is https://reddit.com/r/steemit and the currency’s Github account can be viewed here. Steem’s official website is steem.com. The official message board for Steem is steemit.com/@steemitblog.

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 trade Steem should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Steem using one of the aforementioned exchanges.

STEEM/USD price chart by TradingView