Steem (STEEM) One Day Volume Reaches $2.64 Million

Steem (STEEM) traded 0.2% lower against the U.S. dollar during the twenty-four hour period ending at 22:00 PM E.T. on May 26th. Over the last week, Steem has traded 4.7% higher against the U.S. dollar. One Steem coin can currently be purchased for about $0.28 or 0.00000407 BTC on cryptocurrency exchanges. Steem has a total market capitalization of $129.37 million and approximately $2.64 million worth of Steem was traded on exchanges in the last day.

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

• Bitcoin (BTC) traded up 0% against the dollar and now trades at $69,186.00 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 1.9% lower against the dollar and now trades at $0.17 or 0.00000243 BTC.
• Bitcoin Cash (BCH) traded down 1.2% against the dollar and now trades at $487.23 or 0.00708765 BTC.
• Litecoin (LTC) traded down 1% against the dollar and now trades at $84.32 or 0.00121863 BTC.
• UNUS SED LEO (LEO) traded down 0.9% against the dollar and now trades at $5.93 or 0.00008633 BTC.
• Ethereum Classic (ETC) traded 0.2% higher against the dollar and now trades at $31.77 or 0.00046215 BTC.
• Monero (XMR) traded 0.5% higher against the dollar and now trades at $142.02 or 0.00205255 BTC.
• Arweave (AR) traded 2.5% lower against the dollar and now trades at $39.20 or 0.00056659 BTC.
• Bitcoin SV (BSV) traded down 0.6% against the dollar and now trades at $63.46 or 0.00092310 BTC.
• eCash (XEC) traded 2.3% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Steem Profile

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 462,735,816 coins. Steem’s official website 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. 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 purchase alternative cryptocurrencies such as Steem directly using US dollars. Investors seeking to trade Steem should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Gemini or GDAX. 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