Steem Hits 24 Hour Trading Volume of $3.47 Million (STEEM)

Steem (STEEM) traded 1% lower against the US dollar during the 1-day period ending at 14:00 PM Eastern on July 12th. One Steem coin can currently be bought for $0.18 or 0.00000310 BTC on exchanges. Over the last seven days, Steem has traded 5.2% higher against the US dollar. Steem has a market cap of $84.56 million and approximately $3.47 million worth of Steem was traded on exchanges in the last 24 hours.

Here’s how related cryptocurrencies have performed over the last 24 hours:

• Bitcoin (BTC) traded 1% higher against the dollar and now trades at $58,452.89 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 0.2% against the dollar and now trades at $0.11 or 0.00000185 BTC.
• Bitcoin Cash (BCH) traded up 2.1% against the dollar and now trades at $360.33 or 0.00616730 BTC.
• UNUS SED LEO (LEO) traded 1.9% lower against the dollar and now trades at $5.67 or 0.00009707 BTC.
• Litecoin (LTC) traded up 1.1% against the dollar and now trades at $69.31 or 0.00118636 BTC.
• Ethereum Classic (ETC) traded 2.3% higher against the dollar and now trades at $21.71 or 0.00037162 BTC.
• Monero (XMR) traded up 0.8% against the dollar and now trades at $159.37 or 0.00272778 BTC.
• Arweave (AR) traded 3.4% lower against the dollar and now trades at $22.94 or 0.00039263 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded 0.9% higher against the dollar and now trades at $39.16 or 0.00067030 BTC.

Steem Profile

Steem (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 466,337,255 coins. 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. Steem’s official Twitter account is @steemit and its Facebook page is accessible here. The official website for Steem is steem.com.

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 possible to buy alternative cryptocurrencies such as Steem directly using U.S. dollars. Investors seeking to trade Steem should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Steem using one of the aforementioned exchanges.

STEEM/USD price chart by TradingView