Steem Market Cap Hits $73.43 Million (STEEM)

Steem (STEEM) traded 0% lower against the US dollar during the 1 day period ending at 7:00 AM ET on September 19th. One Steem coin can currently be purchased for about $0.17 or 0.00000609 BTC on cryptocurrency exchanges. During the last week, Steem has traded up 7.9% against the US dollar. Steem has a total market cap of $73.43 million and $1.42 million worth of Steem was traded on exchanges in the last day.

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

• Bitcoin (BTC) traded down 0.2% against the dollar and now trades at $27,126.44 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 0.1% against the dollar and now trades at $0.0626 or 0.00000231 BTC.
• Litecoin (LTC) traded up 2.4% against the dollar and now trades at $67.70 or 0.00249569 BTC.
• Bitcoin Cash (BCH) traded down 0.8% against the dollar and now trades at $219.23 or 0.00808196 BTC.
• UNUS SED LEO (LEO) traded 0.7% higher against the dollar and now trades at $3.69 or 0.00013604 BTC.
• Monero (XMR) traded up 0.6% against the dollar and now trades at $147.96 or 0.00545459 BTC.
• Ethereum Classic (ETC) traded 0.8% lower against the dollar and now trades at $15.74 or 0.00058036 BTC.
• DEI (DEI) traded down 1.5% against the dollar and now trades at $0.0123 or 0.00000045 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded 0.6% higher against the dollar and now trades at $31.99 or 0.00117928 BTC.

Steem Coin Profile

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 409,190,981 coins and its circulating supply is 444,126,881 coins. Steem’s official website is steem.com. 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 message board 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 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 Coinbase, Changelly or Gemini. 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