Steem Hits Market Capitalization of $117.03 Million (STEEM)

Steem (STEEM) traded down 2.7% against the US dollar during the 24 hour period ending at 10:00 AM E.T. on December 24th. Over the last seven days, Steem has traded up 2.3% against the US dollar. Steem has a market cap of $117.03 million and approximately $111.37 million worth of Steem was traded on exchanges in the last day. One Steem coin can now be purchased for about $0.24 or 0.00000251 BTC on popular exchanges.

Here is how other cryptocurrencies have performed over the last day:

• Bitcoin (BTC) traded 4.5% higher against the dollar and now trades at $97,418.83 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 8.2% against the dollar and now trades at $0.33 or 0.00000341 BTC.
• Bitcoin Cash (BCH) traded up 8.6% against the dollar and now trades at $473.03 or 0.00485564 BTC.
• UNUS SED LEO (LEO) traded up 0.6% against the dollar and now trades at $9.43 or 0.00009677 BTC.
• Litecoin (LTC) traded 8.9% higher against the dollar and now trades at $109.24 or 0.00112132 BTC.
• Ethereum Classic (ETC) traded up 7.3% against the dollar and now trades at $27.92 or 0.00028660 BTC.
• Monero (XMR) traded up 0.5% against the dollar and now trades at $190.70 or 0.00195750 BTC.
• IOTA (MIOTA) traded up 18% against the dollar and now trades at $0.35 or 0.00000356 BTC.
• Arweave (AR) traded 13.1% higher against the dollar and now trades at $17.87 or 0.00018345 BTC.
• Zcash (ZEC) traded up 15.5% against the dollar and now trades at $69.87 or 0.00071717 BTC.

Steem Coin Profile

Steem (CRYPTO: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 479,297,043 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. Steem’s official website 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 US dollars. Investors seeking to acquire Steem should first buy 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 buy Steem using one of the exchanges listed above.

STEEM/USD price chart by TradingView