Steem (STEEM) Market Capitalization Hits $132.75 Million

Steem (STEEM) traded up 3% against the U.S. dollar during the one day period ending at 20:00 PM Eastern on April 29th. Steem has a market capitalization of $132.75 million and approximately $12.56 million worth of Steem was traded on exchanges in the last 24 hours. One Steem coin can now be purchased for $0.29 or 0.00000450 BTC on major exchanges. Over the last week, Steem has traded 1.6% higher against the U.S. dollar.

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

• Bitcoin (BTC) traded 1.2% higher against the dollar and now trades at $63,972.61 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 2.1% lower against the dollar and now trades at $0.14 or 0.00000225 BTC.
• Bitcoin Cash (BCH) traded 1.9% lower against the dollar and now trades at $463.39 or 0.00724362 BTC.
• Litecoin (LTC) traded down 0.9% against the dollar and now trades at $83.77 or 0.00130948 BTC.
• UNUS SED LEO (LEO) traded up 1.8% against the dollar and now trades at $5.86 or 0.00009166 BTC.
• Ethereum Classic (ETC) traded down 2.2% against the dollar and now trades at $27.63 or 0.00043186 BTC.
• Monero (XMR) traded 1.4% higher against the dollar and now trades at $129.44 or 0.00202343 BTC.
• Arweave (AR) traded 0.3% lower against the dollar and now trades at $36.02 or 0.00056308 BTC.
• Bitcoin SV (BSV) traded 1.1% lower against the dollar and now trades at $65.27 or 0.00102025 BTC.
• eCash (XEC) traded down 1.4% against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Steem Coin Profile

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 460,841,789 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. The official message board for Steem is steemit.com/@steemitblog. Steem’s official Twitter account is @steemit and its Facebook page is accessible 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 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 Coinbase, GDAX 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