Steem Tops 24 Hour Volume of $6.73 Million (STEEM)

Steem (STEEM) traded down 6.9% against the U.S. dollar during the 1-day period ending at 0:00 AM E.T. on June 7th. Steem has a market capitalization of $114.82 million and approximately $6.73 million worth of Steem was traded on exchanges in the last day. One Steem coin can now be bought for about $0.25 or 0.00000357 BTC on cryptocurrency exchanges. In the last week, Steem has traded 9.8% lower against the U.S. dollar.

Here’s how other cryptocurrencies have performed in the last day:

• Bitcoin (BTC) traded 2.4% lower against the dollar and now trades at $69,423.98 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 8.1% against the dollar and now trades at $0.15 or 0.00000214 BTC.
• Bitcoin Cash (BCH) traded down 3.5% against the dollar and now trades at $482.64 or 0.00695213 BTC.
• Litecoin (LTC) traded down 4.7% against the dollar and now trades at $80.29 or 0.00115648 BTC.
• UNUS SED LEO (LEO) traded 0.5% lower against the dollar and now trades at $5.97 or 0.00008597 BTC.
• Ethereum Classic (ETC) traded down 6.6% against the dollar and now trades at $27.13 or 0.00039074 BTC.
• Monero (XMR) traded 3.6% lower against the dollar and now trades at $161.06 or 0.00231990 BTC.
• Arweave (AR) traded down 6.2% against the dollar and now trades at $39.08 or 0.00056296 BTC.
• Bitcoin SV (BSV) traded 7.5% lower against the dollar and now trades at $58.07 or 0.00083646 BTC.
• eCash (XEC) traded down 6.7% against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Steem Profile

Steem (CRYPTO: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 463,590,480 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 website 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.

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 purchase alternative cryptocurrencies such as Steem directly using U.S. dollars. Investors seeking to acquire Steem should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Coinbase or Changelly. 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