Steem (STEEM) Price Up 8.6% This Week

Steem (STEEM) traded 2.3% lower against the US dollar during the 1-day period ending at 9:00 AM Eastern on November 14th. One Steem coin can currently be bought for $0.19 or 0.00000206 BTC on exchanges. Steem has a market cap of $89.55 million and approximately $52.63 million worth of Steem was traded on exchanges in the last 24 hours. Over the last seven days, Steem has traded 8.6% higher against the US dollar.

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

• Bitcoin (BTC) traded 3% lower against the dollar and now trades at $91,285.18 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 1% against the dollar and now trades at $0.41 or 0.00000449 BTC.
• Bitcoin Cash (BCH) traded up 1.4% against the dollar and now trades at $432.13 or 0.00473384 BTC.
• UNUS SED LEO (LEO) traded 0.5% higher against the dollar and now trades at $7.49 or 0.00008204 BTC.
• Litecoin (LTC) traded up 7.1% against the dollar and now trades at $80.79 or 0.00088507 BTC.
• Ethereum Classic (ETC) traded 0% higher against the dollar and now trades at $22.33 or 0.00024465 BTC.
• Monero (XMR) traded down 2% against the dollar and now trades at $147.02 or 0.00161058 BTC.
• Bitcoin SV (BSV) traded 15.1% higher against the dollar and now trades at $64.83 or 0.00071022 BTC.
• Arweave (AR) traded down 4.5% against the dollar and now trades at $17.11 or 0.00018747 BTC.
• eCash (XEC) traded 8.4% higher against the dollar and now trades at $0.0000 or 0.00000000 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 476,233,699 coins. The official website for Steem is steem.com. Steem’s official Twitter account is @steemit and its Facebook page is accessible here. Steem’s official message board is steemit.com/@steemitblog. The Reddit community for Steem is https://reddit.com/r/steemit and the currency’s Github account can be viewed 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.”

Steem Coin Trading

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