Steem Price Reaches $0.17 on Major Exchanges (STEEM)

Steem (STEEM) traded down 3.5% against the U.S. dollar during the 24-hour period ending at 20:00 PM E.T. on October 23rd. Steem has a total market capitalization of $82.66 million and approximately $16.62 million worth of Steem was traded on exchanges in the last day. During the last seven days, Steem has traded 5.1% lower against the U.S. dollar. One Steem coin can currently be bought for approximately $0.17 or 0.00000261 BTC on exchanges.

Here’s how other cryptocurrencies have performed during the last day:

• Bitcoin (BTC) traded down 0.9% against the dollar and now trades at $66,684.07 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 0.3% against the dollar and now trades at $0.14 or 0.00000210 BTC.
• Bitcoin Cash (BCH) traded down 2.6% against the dollar and now trades at $348.03 or 0.00521907 BTC.
• UNUS SED LEO (LEO) traded up 1.4% against the dollar and now trades at $6.08 or 0.00009112 BTC.
• Litecoin (LTC) traded 0.3% higher against the dollar and now trades at $70.07 or 0.00105072 BTC.
• Monero (XMR) traded down 0.2% against the dollar and now trades at $156.69 or 0.00234974 BTC.
• Ethereum Classic (ETC) traded down 2.1% against the dollar and now trades at $18.63 or 0.00027936 BTC.
• Arweave (AR) traded 2.5% lower against the dollar and now trades at $18.00 or 0.00026988 BTC.
• Bitcoin SV (BSV) traded down 3% against the dollar and now trades at $46.89 or 0.00070321 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

Steem 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 474,518,998 coins. Steem’s official Twitter account is @steemit and its Facebook page is accessible here. Steem’s official website is steem.com. 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.

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 US dollars. Investors seeking to trade Steem should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Changelly or GDAX. 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