Steem (STEEM) Price Down 1% Over Last Week

Steem (STEEM) traded 1.6% higher against the dollar during the twenty-four hour period ending at 23:00 PM ET on May 25th. One Steem coin can currently be purchased for $0.28 or 0.00000405 BTC on popular cryptocurrency exchanges. Steem has a market capitalization of $129.39 million and $2.34 million worth of Steem was traded on exchanges in the last day. Over the last week, Steem has traded down 1% against the dollar.

Here is how related cryptocurrencies have performed over the last day:

• Bitcoin (BTC) traded 0.4% higher against the dollar and now trades at $68,998.91 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 5.8% higher against the dollar and now trades at $0.17 or 0.00000251 BTC.
• Bitcoin Cash (BCH) traded down 0.6% against the dollar and now trades at $491.11 or 0.00711956 BTC.
• Litecoin (LTC) traded down 0.7% against the dollar and now trades at $84.65 or 0.00122718 BTC.
• UNUS SED LEO (LEO) traded 0.1% lower against the dollar and now trades at $5.99 or 0.00008685 BTC.
• Ethereum Classic (ETC) traded 0% higher against the dollar and now trades at $31.70 or 0.00045949 BTC.
• Arweave (AR) traded down 1.6% against the dollar and now trades at $40.07 or 0.00058084 BTC.
• Monero (XMR) traded 0.2% higher against the dollar and now trades at $141.42 or 0.00205018 BTC.
• Bitcoin SV (BSV) traded 0.8% lower against the dollar and now trades at $63.24 or 0.00091674 BTC.
• eCash (XEC) traded 0.5% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.

About Steem

STEEM is a proof-of-work (PoW) coin that uses the PoS hashing algorithm. Its genesis date was March 24th, 2016. Steem’s total supply is 462,664,361 coins. The official message board for Steem is steemit.com/@steemitblog. Steem’s official Twitter account is @steemit and its Facebook page is accessible here. Steem’s official website is steem.com. 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.”

Buying and Selling Steem

It is usually not presently possible to buy alternative cryptocurrencies such as Steem directly using US dollars. Investors seeking to acquire Steem should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, GDAX or Coinbase. 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