Steem (STEEM) One Day Volume Hits $16.02 Million

Steem (STEEM) traded up 3.4% against the U.S. dollar during the twenty-four hour period ending at 10:00 AM Eastern on October 11th. One Steem coin can currently be purchased for $0.18 or 0.00000288 BTC on popular cryptocurrency exchanges. Steem has a market cap of $84.25 million and $16.02 million worth of Steem was traded on exchanges in the last 24 hours. During the last week, Steem has traded up 5.3% against the U.S. dollar.

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

• Bitcoin (BTC) traded up 1.2% against the dollar and now trades at $61,668.00 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 2.7% higher against the dollar and now trades at $0.11 or 0.00000176 BTC.
• Bitcoin Cash (BCH) traded up 0.8% against the dollar and now trades at $324.45 or 0.00525792 BTC.
• UNUS SED LEO (LEO) traded 1.2% lower against the dollar and now trades at $6.10 or 0.00009890 BTC.
• Litecoin (LTC) traded up 1.6% against the dollar and now trades at $65.15 or 0.00105577 BTC.
• Monero (XMR) traded up 0% against the dollar and now trades at $152.22 or 0.00246679 BTC.
• Ethereum Classic (ETC) traded up 1.8% against the dollar and now trades at $18.42 or 0.00029853 BTC.
• Arweave (AR) traded 5.5% higher against the dollar and now trades at $18.90 or 0.00030629 BTC.
• Bitcoin SV (BSV) traded 3.3% higher against the dollar and now trades at $45.23 or 0.00073297 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

Steem Coin Profile

Steem (CRYPTO: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 473,532,087 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. The official message board for Steem 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.”

Buying and Selling Steem

It is usually not presently possible to purchase alternative cryptocurrencies such as Steem directly using U.S. dollars. Investors seeking to trade Steem should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Steem using one of the aforementioned exchanges.

STEEM/USD price chart by TradingView