Steem Trading Up 23.5% Over Last 7 Days (STEEM)

Steem (STEEM) traded 4% lower against the dollar during the 24 hour period ending at 22:00 PM E.T. on April 24th. One Steem coin can currently be purchased for $0.30 or 0.00000469 BTC on popular cryptocurrency exchanges. During the last week, Steem has traded 23.5% higher against the dollar. Steem has a market capitalization of $138.90 million and $129.43 million worth of Steem was traded on exchanges in the last 24 hours.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• Bitcoin (BTC) traded 3.8% lower against the dollar and now trades at $64,312.77 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 6.2% against the dollar and now trades at $0.15 or 0.00000237 BTC.
• Bitcoin Cash (BCH) traded down 5.4% against the dollar and now trades at $482.19 or 0.00749754 BTC.
• Litecoin (LTC) traded 2.9% lower against the dollar and now trades at $83.39 or 0.00129656 BTC.
• UNUS SED LEO (LEO) traded 0.1% higher against the dollar and now trades at $5.77 or 0.00008971 BTC.
• Ethereum Classic (ETC) traded down 7.1% against the dollar and now trades at $26.39 or 0.00041038 BTC.
• Arweave (AR) traded down 2.9% against the dollar and now trades at $33.23 or 0.00051663 BTC.
• Monero (XMR) traded 3.5% lower against the dollar and now trades at $117.93 or 0.00183367 BTC.
• Bitcoin SV (BSV) traded down 4.7% against the dollar and now trades at $68.45 or 0.00106426 BTC.
• eCash (XEC) traded 5.9% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.

Steem Coin Profile

Steem is a proof-of-work (PoW) coin that uses the PoS hashing algorithm. Its launch date was March 24th, 2016. Steem’s total supply is 460,523,784 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 currently possible to buy alternative cryptocurrencies such as Steem directly using US dollars. Investors seeking to trade Steem should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Steem using one of the exchanges listed above.

STEEM/USD price chart by TradingView