Steem (STEEM) Market Capitalization Achieves $129.19 Million

Steem (STEEM) traded 1.8% lower against the US dollar during the one day period ending at 11:00 AM Eastern on April 29th. Steem has a total market cap of $129.19 million and approximately $11.69 million worth of Steem was traded on exchanges in the last day. Over the last week, Steem has traded 0.6% higher against the US dollar. One Steem coin can currently be bought for about $0.28 or 0.00000446 BTC on popular cryptocurrency exchanges.

Here’s how related cryptocurrencies have performed over the last day:

• Bitcoin (BTC) traded 0.8% lower against the dollar and now trades at $62,901.80 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 4.4% against the dollar and now trades at $0.14 or 0.00000228 BTC.
• Bitcoin Cash (BCH) traded down 3.8% against the dollar and now trades at $461.31 or 0.00733374 BTC.
• Litecoin (LTC) traded down 1.8% against the dollar and now trades at $83.47 or 0.00132695 BTC.
• UNUS SED LEO (LEO) traded up 0.7% against the dollar and now trades at $5.82 or 0.00009252 BTC.
• Ethereum Classic (ETC) traded 5.7% lower against the dollar and now trades at $27.31 or 0.00043415 BTC.
• Arweave (AR) traded down 5.2% against the dollar and now trades at $34.79 or 0.00055310 BTC.
• Monero (XMR) traded down 2% against the dollar and now trades at $122.50 or 0.00194755 BTC.
• Bitcoin SV (BSV) traded 2.8% lower against the dollar and now trades at $65.02 or 0.00103372 BTC.
• eCash (XEC) traded 4.9% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.

About Steem

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 460,816,981 coins. The official website for Steem 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. 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 currently 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 Coinbase, Changelly or Gemini. 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