Steem (STEEM) Price Reaches $0.17 on Major Exchanges

Steem (STEEM) traded 5.6% higher against the US dollar during the 24 hour period ending at 12:00 PM E.T. on October 29th. One Steem coin can currently be bought for about $0.17 or 0.00000238 BTC on exchanges. Steem has a total market cap of $82.02 million and approximately $18.76 million worth of Steem was traded on exchanges in the last day. In the last seven days, Steem has traded down 3.9% against the US dollar.

Here’s how similar cryptocurrencies have performed in the last day:

• Bitcoin (BTC) traded up 5.7% against the dollar and now trades at $72,400.13 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 16.7% against the dollar and now trades at $0.17 or 0.00000238 BTC.
• Bitcoin Cash (BCH) traded up 7.3% against the dollar and now trades at $386.97 or 0.00534270 BTC.
• UNUS SED LEO (LEO) traded 0.1% higher against the dollar and now trades at $6.06 or 0.00008365 BTC.
• Litecoin (LTC) traded up 4.8% against the dollar and now trades at $73.21 or 0.00101070 BTC.
• Monero (XMR) traded up 2.6% against the dollar and now trades at $165.32 or 0.00228253 BTC.
• Ethereum Classic (ETC) traded up 4.8% against the dollar and now trades at $19.32 or 0.00026680 BTC.
• Arweave (AR) traded up 8.4% against the dollar and now trades at $16.79 or 0.00023176 BTC.
• Bitcoin SV (BSV) traded up 4.6% against the dollar and now trades at $52.24 or 0.00072120 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. Its genesis date was March 24th, 2016. Steem’s total supply is 474,969,074 coins. Steem’s official Twitter account is @steemit and its Facebook page is accessible here. Steem’s official website is steem.com. The official message board for Steem 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.”

Buying and Selling Steem

It is usually not presently possible to buy alternative cryptocurrencies such as Steem directly using US dollars. Investors seeking to acquire Steem should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Steem using one of the exchanges listed above.

STEEM/USD price chart by TradingView