Steem Achieves Market Cap of $78.58 Million (STEEM)

Steem (STEEM) traded up 0.2% against the dollar during the one day period ending at 0:00 AM E.T. on August 12th. One Steem coin can now be purchased for about $0.17 or 0.00000284 BTC on exchanges. Steem has a total market capitalization of $78.58 million and $24.08 million worth of Steem was traded on exchanges in the last day. In the last seven days, Steem has traded up 11.4% against the dollar.

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

• Bitcoin (BTC) traded 0.6% higher against the dollar and now trades at $58,931.93 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 2.9% against the dollar and now trades at $0.10 or 0.00000178 BTC.
• Bitcoin Cash (BCH) traded 4.2% higher against the dollar and now trades at $348.25 or 0.00590940 BTC.
• UNUS SED LEO (LEO) traded up 0% against the dollar and now trades at $5.81 or 0.00009865 BTC.
• Litecoin (LTC) traded up 2.6% against the dollar and now trades at $61.94 or 0.00105098 BTC.
• Ethereum Classic (ETC) traded up 2.5% against the dollar and now trades at $18.94 or 0.00032146 BTC.
• Monero (XMR) traded 0.1% higher against the dollar and now trades at $149.83 or 0.00254237 BTC.
• Arweave (AR) traded up 2.1% against the dollar and now trades at $20.61 or 0.00034971 BTC.
• Bitcoin SV (BSV) traded 5.1% higher against the dollar and now trades at $42.33 or 0.00071827 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

About Steem

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 468,818,424 coins. 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. Steem’s official Twitter account is @steemit and its Facebook page is accessible here. Steem’s official message board 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 presently 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 Gemini, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Steem using one of the exchanges listed above.

STEEM/USD price chart by TradingView