Steem (STEEM) Trading Down 3.5% This Week

Steem (STEEM) traded 2% lower against the U.S. dollar during the one day period ending at 20:00 PM Eastern on July 3rd. Steem has a total market capitalization of $88.42 million and $2.04 million worth of Steem was traded on exchanges in the last day. One Steem coin can now be purchased for $0.19 or 0.00000315 BTC on popular exchanges. During the last week, Steem has traded 3.5% lower against the U.S. dollar.

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

• Bitcoin (BTC) traded 2.9% lower against the dollar and now trades at $60,350.70 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 5.1% lower against the dollar and now trades at $0.12 or 0.00000197 BTC.
• Bitcoin Cash (BCH) traded down 2.2% against the dollar and now trades at $373.36 or 0.00618650 BTC.
• Litecoin (LTC) traded 4.9% lower against the dollar and now trades at $72.18 or 0.00119597 BTC.
• UNUS SED LEO (LEO) traded up 0.6% against the dollar and now trades at $5.81 or 0.00009635 BTC.
• Ethereum Classic (ETC) traded down 2.9% against the dollar and now trades at $22.58 or 0.00037422 BTC.
• Monero (XMR) traded 1.4% lower against the dollar and now trades at $165.93 or 0.00274948 BTC.
• Arweave (AR) traded down 9.1% against the dollar and now trades at $26.28 or 0.00043541 BTC.
• Bitcoin SV (BSV) traded down 4.4% against the dollar and now trades at $42.65 or 0.00070663 BTC.
• NyanCoin (NYAN) traded 2.2% lower 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 465,644,658 coins. The Reddit community for Steem is https://reddit.com/r/steemit and the currency’s Github account can be viewed here. The official message board for Steem is steemit.com/@steemitblog. The official website for Steem is steem.com. Steem’s official Twitter account is @steemit and its Facebook page is accessible here.

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 acquire Steem should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Steem using one of the aforementioned exchanges.

STEEM/USD price chart by TradingView