Steem (STEEM) Hits 1-Day Trading Volume of $20.76 Million

Steem (STEEM) traded 4.2% lower against the US dollar during the 1 day period ending at 16:00 PM Eastern on October 26th. One Steem coin can currently be purchased for about $0.16 or 0.00000240 BTC on major cryptocurrency exchanges. During the last week, Steem has traded 11.4% lower against the US dollar. Steem has a market capitalization of $76.73 million and approximately $20.76 million worth of Steem was traded on exchanges in the last day.

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

• Bitcoin (BTC) traded up 0.8% against the dollar and now trades at $67,230.33 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 1.4% higher against the dollar and now trades at $0.14 or 0.00000204 BTC.
• Bitcoin Cash (BCH) traded down 2.7% against the dollar and now trades at $351.06 or 0.00522172 BTC.
• UNUS SED LEO (LEO) traded down 1% against the dollar and now trades at $5.99 or 0.00008915 BTC.
• Litecoin (LTC) traded 2.9% lower against the dollar and now trades at $68.63 or 0.00102075 BTC.
• Monero (XMR) traded up 1.6% against the dollar and now trades at $159.91 or 0.00237855 BTC.
• Ethereum Classic (ETC) traded 3.1% lower against the dollar and now trades at $18.26 or 0.00027161 BTC.
• Arweave (AR) traded down 8.1% against the dollar and now trades at $16.20 or 0.00024089 BTC.
• Bitcoin SV (BSV) traded 3.5% lower against the dollar and now trades at $45.47 or 0.00067627 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

Steem Coin Profile

Steem (CRYPTO: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 474,745,715 coins. Steem’s official message board is steemit.com/@steemitblog. The official website for Steem is steem.com. 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.

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 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 exchanges listed above.

STEEM/USD price chart by TradingView