Steem (STEEM) Tops 24-Hour Trading Volume of $6.17 Million

Steem (STEEM) traded 2.6% higher against the U.S. dollar during the 1-day period ending at 15:00 PM ET on July 16th. Over the last week, Steem has traded 10.4% higher against the U.S. dollar. Steem has a market cap of $91.51 million and approximately $6.17 million worth of Steem was traded on exchanges in the last day. One Steem coin can now be bought for approximately $0.20 or 0.00000301 BTC on exchanges.

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

• Bitcoin (BTC) traded 2.3% higher against the dollar and now trades at $65,161.21 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 3.7% against the dollar and now trades at $0.13 or 0.00000193 BTC.
• Bitcoin Cash (BCH) traded up 0.5% against the dollar and now trades at $391.31 or 0.00600519 BTC.
• Litecoin (LTC) traded 2.5% higher against the dollar and now trades at $73.01 or 0.00112042 BTC.
• UNUS SED LEO (LEO) traded up 0.3% against the dollar and now trades at $5.86 or 0.00008994 BTC.
• Ethereum Classic (ETC) traded up 1.8% against the dollar and now trades at $23.69 or 0.00036355 BTC.
• Monero (XMR) traded up 2.3% against the dollar and now trades at $162.00 or 0.00248615 BTC.
• Arweave (AR) traded 9.5% higher against the dollar and now trades at $28.87 or 0.00044306 BTC.
• Bitcoin SV (BSV) traded 3.3% higher against the dollar and now trades at $45.60 or 0.00069987 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

About Steem

Steem is a proof-of-work (PoW) coin that uses the PoS hashing algorithm. It launched on March 24th, 2016. Steem’s total supply is 466,656,830 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.”

Steem Coin Trading

It is usually not 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, Changelly or Gemini. 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