Steem Achieves Market Capitalization of $72.42 Million (STEEM)

Steem (STEEM) traded 5.3% lower against the U.S. dollar during the 24 hour period ending at 15:00 PM Eastern on August 4th. One Steem coin can now be bought for approximately $0.15 or 0.00000265 BTC on cryptocurrency exchanges. Steem has a market capitalization of $72.42 million and $16.90 million worth of Steem was traded on exchanges in the last 24 hours. In the last week, Steem has traded 24.1% lower against the U.S. dollar.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

• Bitcoin (BTC) traded 1.4% lower against the dollar and now trades at $58,315.44 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 5.2% against the dollar and now trades at $0.10 or 0.00000174 BTC.
• Bitcoin Cash (BCH) traded down 6.3% against the dollar and now trades at $336.33 or 0.00576742 BTC.
• UNUS SED LEO (LEO) traded down 0.5% against the dollar and now trades at $5.65 or 0.00009691 BTC.
• Litecoin (LTC) traded 1.8% lower against the dollar and now trades at $62.17 or 0.00106618 BTC.
• Ethereum Classic (ETC) traded 4.5% lower against the dollar and now trades at $18.73 or 0.00032124 BTC.
• Monero (XMR) traded 3.9% lower against the dollar and now trades at $147.13 or 0.00252297 BTC.
• Arweave (AR) traded down 6.8% against the dollar and now trades at $20.84 or 0.00035739 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded down 5.7% against the dollar and now trades at $39.79 or 0.00068239 BTC.

Steem Profile

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 468,154,292 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. The official message board for Steem is steemit.com/@steemitblog. The official website for Steem is steem.com.

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 presently possible to purchase alternative cryptocurrencies such as Steem directly using US dollars. Investors seeking to acquire Steem should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Steem using one of the exchanges listed above.

STEEM/USD price chart by TradingView