Steem (STEEM) Price Reaches $0.18 on Exchanges

Steem (STEEM) traded down 1.7% against the dollar during the 24-hour period ending at 23:00 PM E.T. on October 12th. Over the last week, Steem has traded up 1.7% against the dollar. One Steem coin can now be bought for about $0.18 or 0.00000284 BTC on popular cryptocurrency exchanges. Steem has a market capitalization of $84.32 million and $13.52 million worth of Steem was traded on exchanges in the last 24 hours.

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

• Bitcoin (BTC) traded 0.3% higher against the dollar and now trades at $62,676.78 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 1.3% against the dollar and now trades at $0.11 or 0.00000177 BTC.
• Bitcoin Cash (BCH) traded 0.3% higher against the dollar and now trades at $326.14 or 0.00520347 BTC.
• UNUS SED LEO (LEO) traded down 0.2% against the dollar and now trades at $6.07 or 0.00009680 BTC.
• Litecoin (LTC) traded 0.6% higher against the dollar and now trades at $65.54 or 0.00104573 BTC.
• Monero (XMR) traded 0.6% lower against the dollar and now trades at $151.88 or 0.00242320 BTC.
• Ethereum Classic (ETC) traded up 0.6% against the dollar and now trades at $18.64 or 0.00029737 BTC.
• Arweave (AR) traded up 2.7% against the dollar and now trades at $19.16 or 0.00030566 BTC.
• Bitcoin SV (BSV) traded 0.2% higher against the dollar and now trades at $45.38 or 0.00072400 BTC.
• NyanCoin (NYAN) traded 2.2% lower 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. Its launch date was March 24th, 2016. Steem’s total supply is 473,661,028 coins. The official message board for Steem is steemit.com/@steemitblog. Steem’s official Twitter account is @steemit and its Facebook page is accessible here. The official website for Steem is steem.com. 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.”

Buying and Selling Steem

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 Coinbase, GDAX 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