Steem (STEEM) Hits Market Cap of $159.47 Million

Steem (STEEM) traded down 3.7% against the U.S. dollar during the 1-day period ending at 17:00 PM E.T. on March 27th. One Steem coin can currently be purchased for approximately $0.35 or 0.00000504 BTC on popular cryptocurrency exchanges. Steem has a total market cap of $159.47 million and approximately $17.56 million worth of Steem was traded on exchanges in the last day. Over the last week, Steem has traded up 12% against the U.S. dollar.

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

• Bitcoin (BTC) traded down 1.5% against the dollar and now trades at $68,999.69 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 1.8% against the dollar and now trades at $0.18 or 0.00000268 BTC.
• Bitcoin Cash (BCH) traded 14% higher against the dollar and now trades at $543.71 or 0.00787983 BTC.
• Litecoin (LTC) traded down 1% against the dollar and now trades at $94.33 or 0.00136707 BTC.
• UNUS SED LEO (LEO) traded 0% higher against the dollar and now trades at $6.07 or 0.00008791 BTC.
• Ethereum Classic (ETC) traded down 1.9% against the dollar and now trades at $31.75 or 0.00046019 BTC.
• Arweave (AR) traded 3.1% higher against the dollar and now trades at $42.55 or 0.00061662 BTC.
• Monero (XMR) traded 2.5% higher against the dollar and now trades at $138.48 or 0.00200701 BTC.
• Conflux (CFX) traded down 1.3% against the dollar and now trades at $0.48 or 0.00000695 BTC.
• Bitcoin SV (BSV) traded up 2.6% against the dollar and now trades at $92.44 or 0.00133966 BTC.

About 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 458,613,721 coins. Steem’s official Twitter account is @steemit and its Facebook page is accessible here. 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. The official message board for Steem 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 US dollars. Investors seeking to trade Steem should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Gemini 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