Steem Hits Market Cap of $77.87 Million (STEEM)

Steem (STEEM) traded 3.4% higher against the dollar during the one day period ending at 13:00 PM ET on August 17th. Steem has a total market cap of $77.87 million and approximately $9.86 million worth of Steem was traded on exchanges in the last 24 hours. Over the last seven days, Steem has traded down 3.9% against the dollar. One Steem coin can currently be bought for $0.17 or 0.00000279 BTC on major exchanges.

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

• Bitcoin (BTC) traded 0.7% higher against the dollar and now trades at $59,553.65 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 3.6% higher against the dollar and now trades at $0.10 or 0.00000173 BTC.
• Bitcoin Cash (BCH) traded 2.5% higher against the dollar and now trades at $344.77 or 0.00578930 BTC.
• UNUS SED LEO (LEO) traded up 1.6% against the dollar and now trades at $5.98 or 0.00010035 BTC.
• Litecoin (LTC) traded 2% higher against the dollar and now trades at $67.27 or 0.00112962 BTC.
• Ethereum Classic (ETC) traded up 1% against the dollar and now trades at $18.84 or 0.00031628 BTC.
• Monero (XMR) traded 0.2% higher against the dollar and now trades at $149.41 or 0.00250890 BTC.
• Arweave (AR) traded up 3.1% against the dollar and now trades at $21.45 or 0.00036022 BTC.
• Bitcoin SV (BSV) traded 0.9% higher against the dollar and now trades at $42.97 or 0.00072150 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

Steem Profile

Steem (STEEM) is a proof-of-work (PoW) coin that uses the PoS hashing algorithm. It was first traded on March 24th, 2016. Steem’s total supply is 469,179,312 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 buy alternative cryptocurrencies such as Steem directly using US dollars. Investors seeking to trade Steem should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Steem using one of the aforementioned exchanges.

STEEM/USD price chart by TradingView