Steem Trading 10.5% Higher Over Last 7 Days (STEEM)

Steem (STEEM) traded 3.7% higher against the US dollar during the 24 hour period ending at 10:00 AM E.T. on July 17th. Steem has a market capitalization of $92.84 million and $4.23 million worth of Steem was traded on exchanges in the last day. In the last week, Steem has traded 10.5% higher against the US dollar. One Steem coin can currently be purchased for $0.20 or 0.00000307 BTC on major cryptocurrency exchanges.

Here’s how other cryptocurrencies have performed in the last day:

• Bitcoin (BTC) traded 1.6% higher against the dollar and now trades at $64,767.13 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 2.7% against the dollar and now trades at $0.12 or 0.00000193 BTC.
• Bitcoin Cash (BCH) traded 0.7% higher against the dollar and now trades at $381.55 or 0.00589112 BTC.
• Litecoin (LTC) traded 0.6% higher against the dollar and now trades at $72.90 or 0.00112561 BTC.
• UNUS SED LEO (LEO) traded 0% higher against the dollar and now trades at $5.84 or 0.00009020 BTC.
• Ethereum Classic (ETC) traded 1.8% higher against the dollar and now trades at $23.61 or 0.00036453 BTC.
• Monero (XMR) traded up 0.9% against the dollar and now trades at $161.24 or 0.00248952 BTC.
• Arweave (AR) traded 14.2% higher against the dollar and now trades at $31.90 or 0.00049252 BTC.
• Bitcoin SV (BSV) traded 6.7% higher against the dollar and now trades at $46.49 or 0.00071781 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

Steem Coin Profile

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 466,718,040 coins. The Reddit community for Steem is https://reddit.com/r/steemit and the currency’s Github account can be viewed here. The official website for Steem is steem.com. The official message board for Steem is steemit.com/@steemitblog. 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.”

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 Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Gemini or Changelly. 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