Steem (STEEM) Reaches Market Cap of $87.22 Million

Steem (STEEM) traded 3% higher against the dollar during the twenty-four hour period ending at 10:00 AM Eastern on August 23rd. Steem has a total market cap of $87.22 million and approximately $12.94 million worth of Steem was traded on exchanges in the last 24 hours. During the last seven days, Steem has traded up 15.5% against the dollar. One Steem coin can now be purchased for approximately $0.19 or 0.00000300 BTC on popular cryptocurrency exchanges.

Here is how related cryptocurrencies have performed during the last 24 hours:

• Bitcoin (BTC) traded up 2.2% against the dollar and now trades at $61,860.91 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 3.8% higher against the dollar and now trades at $0.11 or 0.00000177 BTC.
• Bitcoin Cash (BCH) traded up 2.3% against the dollar and now trades at $355.36 or 0.00574455 BTC.
• UNUS SED LEO (LEO) traded down 0.1% against the dollar and now trades at $5.82 or 0.00009404 BTC.
• Litecoin (LTC) traded up 1.7% against the dollar and now trades at $64.39 or 0.00104094 BTC.
• Monero (XMR) traded up 1.9% against the dollar and now trades at $166.85 or 0.00269713 BTC.
• Ethereum Classic (ETC) traded up 3% against the dollar and now trades at $20.10 or 0.00032500 BTC.
• Arweave (AR) traded 3.8% higher against the dollar and now trades at $25.10 or 0.00040574 BTC.
• Bitcoin SV (BSV) traded 4.2% higher against the dollar and now trades at $45.88 or 0.00074163 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 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 469,647,129 coins and its circulating supply is 469,642,165 coins. 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. 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 currently possible to purchase alternative cryptocurrencies such as Steem directly using U.S. dollars. Investors seeking to trade Steem should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Steem using one of the aforementioned exchanges.

STEEM/USD price chart by TradingView