Steem (STEEM) Hits Market Cap of $77.88 Million

Steem (STEEM) traded up 1.3% against the dollar during the twenty-four hour period ending at 23:00 PM ET on November 1st. In the last seven days, Steem has traded 0.9% higher against the dollar. Steem has a total market cap of $77.88 million and approximately $17.93 million worth of Steem was traded on exchanges in the last 24 hours. One Steem coin can now be purchased for approximately $0.16 or 0.00000235 BTC on cryptocurrency exchanges.

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

• Bitcoin (BTC) traded up 0.8% against the dollar and now trades at $69,753.83 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 2% against the dollar and now trades at $0.16 or 0.00000233 BTC.
• Bitcoin Cash (BCH) traded up 0.4% against the dollar and now trades at $351.78 or 0.00504320 BTC.
• UNUS SED LEO (LEO) traded 0.1% lower against the dollar and now trades at $6.05 or 0.00008668 BTC.
• Litecoin (LTC) traded up 3% against the dollar and now trades at $70.92 or 0.00101673 BTC.
• Monero (XMR) traded up 2.6% against the dollar and now trades at $159.05 or 0.00228016 BTC.
• Ethereum Classic (ETC) traded up 0.4% against the dollar and now trades at $18.57 or 0.00026622 BTC.
• Bitcoin SV (BSV) traded 1.1% lower against the dollar and now trades at $49.98 or 0.00071650 BTC.
• Arweave (AR) traded 2.1% lower against the dollar and now trades at $14.95 or 0.00021426 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. It launched on March 24th, 2016. Steem’s total supply is 475,244,324 coins. The Reddit community for Steem is https://reddit.com/r/steemit and the currency’s Github account can be viewed here. Steem’s official Twitter account is @steemit and its Facebook page is accessible here. The official message board for Steem is steemit.com/@steemitblog. 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 possible to purchase alternative cryptocurrencies such as Steem directly using US dollars. Investors seeking to acquire Steem should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Coinbase or Changelly. 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