Steem (STEEM) Price Up 3.6% This Week

Steem (STEEM) traded up 0.9% against the dollar during the 1-day period ending at 20:00 PM Eastern on October 15th. Over the last week, Steem has traded 3.6% higher against the dollar. Steem has a market cap of $88.64 million and $21.49 million worth of Steem was traded on exchanges in the last 24 hours. One Steem coin can now be bought for approximately $0.19 or 0.00000279 BTC on major exchanges.

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

• Bitcoin (BTC) traded 1.5% higher against the dollar and now trades at $67,090.56 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 0.8% against the dollar and now trades at $0.12 or 0.00000175 BTC.
• Bitcoin Cash (BCH) traded down 2.7% against the dollar and now trades at $354.07 or 0.00527749 BTC.
• UNUS SED LEO (LEO) traded 0.4% lower against the dollar and now trades at $6.12 or 0.00009118 BTC.
• Litecoin (LTC) traded up 5.5% against the dollar and now trades at $70.60 or 0.00105231 BTC.
• Ethereum Classic (ETC) traded down 0.6% against the dollar and now trades at $19.33 or 0.00028817 BTC.
• Monero (XMR) traded down 2.4% against the dollar and now trades at $153.18 or 0.00228320 BTC.
• Arweave (AR) traded down 3.5% against the dollar and now trades at $19.83 or 0.00029561 BTC.
• Bitcoin SV (BSV) traded down 0.2% against the dollar and now trades at $49.39 or 0.00073613 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 was first traded on March 24th, 2016. Steem’s total supply is 473,884,658 coins. 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. The official message board for Steem is steemit.com/@steemitblog.

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 presently possible to buy alternative cryptocurrencies such as Steem directly using U.S. dollars. Investors seeking to trade Steem should first buy 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 buy Steem using one of the aforementioned exchanges.

STEEM/USD price chart by TradingView