Steem (STEEM) One Day Volume Hits $24.86 Million

Steem (STEEM) traded up 3.8% against the US dollar during the 24 hour period ending at 10:00 AM E.T. on February 26th. One Steem coin can now be bought for about $0.15 or 0.00000174 BTC on cryptocurrency exchanges. During the last week, Steem has traded down 11.4% against the US dollar. Steem has a total market cap of $76.01 million and approximately $24.86 million worth of Steem was traded on exchanges in the last 24 hours.

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

• Bitcoin (BTC) traded up 0.9% against the dollar and now trades at $87,432.49 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 2.7% higher against the dollar and now trades at $0.21 or 0.00000237 BTC.
• Litecoin (LTC) traded 15.5% higher against the dollar and now trades at $126.64 or 0.00144845 BTC.
• UNUS SED LEO (LEO) traded up 4.1% against the dollar and now trades at $9.24 or 0.00010569 BTC.
• Bitcoin Cash (BCH) traded up 5.4% against the dollar and now trades at $294.55 or 0.00336887 BTC.
• Monero (XMR) traded down 0.6% against the dollar and now trades at $217.54 or 0.00248806 BTC.
• Ethereum Classic (ETC) traded up 4.2% against the dollar and now trades at $18.86 or 0.00021569 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• IOTA (MIOTA) traded 8.6% higher against the dollar and now trades at $0.20 or 0.00000234 BTC.
• Bitcoin SV (BSV) traded 5.2% higher against the dollar and now trades at $35.16 or 0.00040209 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 498,812,793 coins. Steem’s official website is steem.com. 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. Steem’s official message board is steemit.com/@steemitblog.

According to CryptoCompare, “Steem is a blockchain platform designed to reward content creation and curation with cryptocurrency, launched in 2016 by Ned Scott and Dan Larimer. It uses a Delegated Proof of Stake (DPoS) consensus mechanism, ensuring fast, fee-free transactions and decentralised governance. The platform’s three-token system includes STEEM, the native token used for rewards and liquidity; Steem Power (SP), a vested token for staking and governance; and Steem Dollars (SBD), a stablecoin intended to be pegged to the US dollar but often subject to volatility. STEEM is primarily used to reward users for posting and curating content, peer-to-peer transfers, and staking for governance. SP increases voting influence, while SBD offers a more stable, though fluctuating, form of payment. Steem’s core application is Steemit, a decentralised social media platform where users earn rewards directly from blockchain protocol incentives.”

Steem Coin Trading

It is usually not possible to buy alternative cryptocurrencies such as Steem directly using U.S. dollars. Investors seeking to acquire Steem should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Changelly 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