Steem (STEEM) Market Cap Tops $79.37 Million

Steem (STEEM) traded up 2.7% against the U.S. dollar during the one day period ending at 16:00 PM E.T. on August 12th. Steem has a total market capitalization of $79.37 million and $24.30 million worth of Steem was traded on exchanges in the last 24 hours. One Steem coin can currently be purchased for about $0.17 or 0.00000286 BTC on major cryptocurrency exchanges. During the last seven days, Steem has traded up 15.5% against the U.S. dollar.

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

• Bitcoin (BTC) traded 0.8% lower against the dollar and now trades at $59,147.08 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 3.4% against the dollar and now trades at $0.11 or 0.00000178 BTC.
• Bitcoin Cash (BCH) traded 1.9% higher against the dollar and now trades at $340.39 or 0.00575501 BTC.
• UNUS SED LEO (LEO) traded 4.6% lower against the dollar and now trades at $5.81 or 0.00009824 BTC.
• Litecoin (LTC) traded up 2.7% against the dollar and now trades at $61.20 or 0.00103469 BTC.
• Ethereum Classic (ETC) traded up 1.7% against the dollar and now trades at $18.89 or 0.00031933 BTC.
• Monero (XMR) traded 0.1% higher against the dollar and now trades at $149.31 or 0.00252443 BTC.
• Arweave (AR) traded 3.5% higher against the dollar and now trades at $20.86 or 0.00035262 BTC.
• Bitcoin SV (BSV) traded up 3.9% against the dollar and now trades at $41.63 or 0.00070389 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. Its launch date was March 24th, 2016. Steem’s total supply is 468,793,917 coins. 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. 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.”

Steem Coin Trading

It is usually not currently 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 Coinbase, GDAX or Gemini. 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