Steem (STEEM) Price Hits $0.18 on Exchanges

Steem (STEEM) traded down 1% against the U.S. dollar during the 24-hour period ending at 12:00 PM ET on August 2nd. Over the last seven days, Steem has traded 10.6% lower against the U.S. dollar. One Steem coin can now be bought for about $0.18 or 0.00000278 BTC on popular cryptocurrency exchanges. Steem has a total market cap of $82.35 million and $21.13 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 0.4% against the dollar and now trades at $63,238.77 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 2.5% against the dollar and now trades at $0.11 or 0.00000178 BTC.
• Bitcoin Cash (BCH) traded down 1% against the dollar and now trades at $399.34 or 0.00631465 BTC.
• UNUS SED LEO (LEO) traded up 1.9% against the dollar and now trades at $5.86 or 0.00009267 BTC.
• Litecoin (LTC) traded down 3.8% against the dollar and now trades at $65.49 or 0.00103563 BTC.
• Ethereum Classic (ETC) traded 3.1% lower against the dollar and now trades at $20.38 or 0.00032231 BTC.
• Monero (XMR) traded 5% higher against the dollar and now trades at $162.02 or 0.00256200 BTC.
• Arweave (AR) traded 7.6% lower against the dollar and now trades at $24.87 or 0.00039320 BTC.
• Bitcoin SV (BSV) traded 4.3% lower against the dollar and now trades at $45.36 or 0.00071718 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

Steem Profile

Steem (CRYPTO: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 467,986,370 coins. The official message board for Steem 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. The official website for Steem is steem.com. 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 currently possible to purchase alternative cryptocurrencies such as Steem directly using US dollars. Investors seeking to acquire Steem should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Gemini or Coinbase. 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