Steem Achieves Market Capitalization of $78.35 Million (STEEM)

Steem (STEEM) traded up 3% against the U.S. dollar during the 24-hour period ending at 11:00 AM Eastern on September 17th. One Steem coin can now be purchased for about $0.17 or 0.00000272 BTC on cryptocurrency exchanges. In the last seven days, Steem has traded down 1.6% against the U.S. dollar. Steem has a market capitalization of $78.35 million and $13.03 million worth of Steem was traded on exchanges in the last 24 hours.

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

• Bitcoin (BTC) traded 5.6% higher against the dollar and now trades at $61,144.00 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 1.9% higher against the dollar and now trades at $0.10 or 0.00000167 BTC.
• Bitcoin Cash (BCH) traded 2.4% higher against the dollar and now trades at $320.55 or 0.00524262 BTC.
• UNUS SED LEO (LEO) traded up 2.7% against the dollar and now trades at $5.89 or 0.00009628 BTC.
• Litecoin (LTC) traded up 1.3% against the dollar and now trades at $63.87 or 0.00104463 BTC.
• Monero (XMR) traded up 1.2% against the dollar and now trades at $171.86 or 0.00281080 BTC.
• Ethereum Classic (ETC) traded 2.9% higher against the dollar and now trades at $18.18 or 0.00029735 BTC.
• Arweave (AR) traded up 1.5% against the dollar and now trades at $19.20 or 0.00031407 BTC.
• Bitcoin SV (BSV) traded up 4.5% against the dollar and now trades at $47.92 or 0.00078367 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. Its launch date was March 24th, 2016. Steem’s total supply is 471,635,173 coins. 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 message board is steemit.com/@steemitblog. 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 purchase alternative cryptocurrencies such as Steem directly using U.S. dollars. Investors seeking to trade Steem should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Gemini. 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