Steem Market Cap Reaches $167.53 Million (STEEM)

Steem (STEEM) traded up 3.4% against the dollar during the twenty-four hour period ending at 21:00 PM Eastern on March 29th. During the last seven days, Steem has traded up 19% against the dollar. One Steem coin can now be purchased for $0.37 or 0.00000522 BTC on major exchanges. Steem has a market capitalization of $167.53 million and $102.36 million worth of Steem was traded on exchanges in the last day.

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

• Bitcoin (BTC) traded down 1% against the dollar and now trades at $69,942.99 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 4.9% against the dollar and now trades at $0.21 or 0.00000304 BTC.
• Bitcoin Cash (BCH) traded 7.9% higher against the dollar and now trades at $617.86 or 0.00883370 BTC.
• Litecoin (LTC) traded 14% higher against the dollar and now trades at $107.34 or 0.00153461 BTC.
• UNUS SED LEO (LEO) traded up 0.3% against the dollar and now trades at $6.09 or 0.00008704 BTC.
• Ethereum Classic (ETC) traded 5.6% higher against the dollar and now trades at $34.27 or 0.00048999 BTC.
• Arweave (AR) traded down 5.1% against the dollar and now trades at $39.40 or 0.00056338 BTC.
• Monero (XMR) traded down 1.5% against the dollar and now trades at $133.34 or 0.00190635 BTC.
• Bitcoin SV (BSV) traded up 2.2% against the dollar and now trades at $96.15 or 0.00137473 BTC.
• Conflux (CFX) traded 0.4% higher against the dollar and now trades at $0.48 or 0.00000690 BTC.

About Steem

STEEM is a proof-of-work (PoW) coin that uses the PoS hashing algorithm. It launched on March 24th, 2016. Steem’s total supply is 458,746,970 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 message board is steemit.com/@steemitblog. Steem’s official Twitter account is @steemit and its Facebook page is accessible here. 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.”

Buying and Selling Steem

It is usually not 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 GDAX, Changelly or Coinbase. 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