Steem (STEEM) Hits Market Capitalization of $84.66 Million

Steem (STEEM) traded down 3.5% against the dollar during the 1-day period ending at 22:00 PM Eastern on August 1st. During the last week, Steem has traded down 5.4% against the dollar. One Steem coin can currently be purchased for approximately $0.18 or 0.00000280 BTC on major cryptocurrency exchanges. Steem has a total market capitalization of $84.66 million and $19.58 million worth of Steem was traded on exchanges in the last day.

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

• Bitcoin (BTC) traded 0.7% higher against the dollar and now trades at $64,647.15 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 3.9% against the dollar and now trades at $0.12 or 0.00000182 BTC.
• Bitcoin Cash (BCH) traded 1.8% lower against the dollar and now trades at $409.13 or 0.00632860 BTC.
• UNUS SED LEO (LEO) traded 3.4% higher against the dollar and now trades at $5.88 or 0.00009100 BTC.
• Litecoin (LTC) traded 3.3% lower against the dollar and now trades at $68.91 or 0.00106601 BTC.
• Ethereum Classic (ETC) traded down 3.7% against the dollar and now trades at $21.27 or 0.00032896 BTC.
• Monero (XMR) traded up 0.1% against the dollar and now trades at $157.05 or 0.00242940 BTC.
• Arweave (AR) traded 9.4% lower against the dollar and now trades at $26.44 or 0.00040901 BTC.
• Bitcoin SV (BSV) traded down 1.5% against the dollar and now trades at $48.88 or 0.00075605 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

Steem Profile

Steem (STEEM) is a proof-of-work (PoW) coin that uses the PoS hashing algorithm. Its launch date was March 24th, 2016. Steem’s total supply is 467,941,812 coins. 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 website is steem.com. 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.”

Steem Coin Trading

It is usually not currently possible to purchase alternative cryptocurrencies such as Steem directly using U.S. dollars. Investors seeking to trade Steem should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Steem using one of the aforementioned exchanges.

STEEM/USD price chart by TradingView