Steem (STEEM) Trading Down 18% This Week

Steem (STEEM) traded 12.4% lower against the U.S. dollar during the 24 hour period ending at 20:00 PM Eastern on July 4th. One Steem coin can currently be purchased for $0.17 or 0.00000290 BTC on exchanges. Steem has a total market cap of $77.09 million and $3.07 million worth of Steem was traded on exchanges in the last day. During the last seven days, Steem has traded down 18% against the U.S. dollar.

Here is how related cryptocurrencies have performed during the last day:

• Bitcoin (BTC) traded 5.3% lower against the dollar and now trades at $57,073.43 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 13.2% lower against the dollar and now trades at $0.10 or 0.00000180 BTC.
• Bitcoin Cash (BCH) traded down 12.7% against the dollar and now trades at $325.74 or 0.00570746 BTC.
• UNUS SED LEO (LEO) traded down 0.5% against the dollar and now trades at $5.76 or 0.00010086 BTC.
• Litecoin (LTC) traded down 10.6% against the dollar and now trades at $64.41 or 0.00112857 BTC.
• Ethereum Classic (ETC) traded down 9.1% against the dollar and now trades at $20.49 or 0.00035894 BTC.
• Monero (XMR) traded 6.3% lower against the dollar and now trades at $155.15 or 0.00271844 BTC.
• Arweave (AR) traded 14.6% lower against the dollar and now trades at $22.17 or 0.00038847 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded down 15.2% against the dollar and now trades at $36.09 or 0.00063238 BTC.

About Steem

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 465,722,045 coins. The official website for Steem is steem.com. 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. Steem’s official message board is steemit.com/@steemitblog.

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 acquire Steem should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Steem using one of the exchanges listed above.

STEEM/USD price chart by TradingView