Steem (STEEM) Tops 24-Hour Trading Volume of $16.45 Million

Steem (STEEM) traded up 4.8% against the U.S. dollar during the one day period ending at 18:00 PM ET on August 23rd. Steem has a total market capitalization of $89.06 million and $16.45 million worth of Steem was traded on exchanges in the last 24 hours. One Steem coin can now be bought for about $0.19 or 0.00000293 BTC on exchanges. In the last week, Steem has traded 16.3% higher against the U.S. dollar.

Here’s how other cryptocurrencies have performed in the last 24 hours:

• Bitcoin (BTC) traded 6.6% higher against the dollar and now trades at $64,615.36 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 8.5% against the dollar and now trades at $0.11 or 0.00000177 BTC.
• Bitcoin Cash (BCH) traded up 6.1% against the dollar and now trades at $367.59 or 0.00568885 BTC.
• UNUS SED LEO (LEO) traded up 0.9% against the dollar and now trades at $5.88 or 0.00009104 BTC.
• Litecoin (LTC) traded up 4.3% against the dollar and now trades at $66.59 or 0.00103057 BTC.
• Monero (XMR) traded 2.4% higher against the dollar and now trades at $172.64 or 0.00267176 BTC.
• Ethereum Classic (ETC) traded 6.5% higher against the dollar and now trades at $20.75 or 0.00032118 BTC.
• Arweave (AR) traded 8.4% higher against the dollar and now trades at $26.74 or 0.00041389 BTC.
• Bitcoin SV (BSV) traded up 7.7% against the dollar and now trades at $47.60 or 0.00073674 BTC.
• NyanCoin (NYAN) traded down 2.2% 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. It launched on March 24th, 2016. Steem’s total supply is 469,675,299 coins. Steem’s official message board is steemit.com/@steemitblog. The official website for Steem is steem.com. The Reddit community for Steem is https://reddit.com/r/steemit and the currency’s Github account can be viewed here. 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 possible to purchase alternative cryptocurrencies such as Steem directly using U.S. dollars. Investors seeking to acquire Steem should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Steem using one of the aforementioned exchanges.

STEEM/USD price chart by TradingView