Steem 24 Hour Trading Volume Tops $2.93 Million (STEEM)

Steem (STEEM) traded 0.9% higher against the US dollar during the 1 day period ending at 8:00 AM ET on June 21st. Steem has a total market capitalization of $22.62 million and $2.93 million worth of Steem was traded on exchanges in the last day. One Steem coin can currently be purchased for approximately $0.0433 or 0.00000068 BTC on exchanges. Over the last week, Steem has traded down 2% against the US dollar.

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

• Arweave (AR) traded up 1.1% against the dollar and now trades at $2.02 or 0.00003153 BTC.
• Bitcoin (BTC) traded 0.5% higher against the dollar and now trades at $64,008.20 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 1% against the dollar and now trades at $0.0830 or 0.00000130 BTC.
• UNUS SED LEO (LEO) traded down 0.1% against the dollar and now trades at $9.55 or 0.00014923 BTC.
• Zcash (ZEC) traded 4.4% lower against the dollar and now trades at $451.70 or 0.00705697 BTC.
• Monero (XMR) traded 1.3% higher against the dollar and now trades at $319.10 or 0.00498524 BTC.
• Bitcoin Cash (BCH) traded 0.3% lower against the dollar and now trades at $197.78 or 0.00308997 BTC.
• Litecoin (LTC) traded 1.6% higher against the dollar and now trades at $44.97 or 0.00070255 BTC.
• Ethereum Classic (ETC) traded 3.8% lower against the dollar and now trades at $7.35 or 0.00011481 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

Steem Profile

Steem (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 550,537,676 coins and its circulating supply is 522,267,379 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 Twitter account is @steemit and its Facebook page is accessible here. Steem’s official website is steem.com. The official message board for Steem is steemit.com/@steemitblog.

According to CryptoCompare, “Steem is a blockchain platform designed to reward content creation and curation with cryptocurrency, launched in 2016 by Ned Scott and Dan Larimer. It uses a Delegated Proof of Stake (DPoS) consensus mechanism, ensuring fast, fee-free transactions and decentralised governance. The platform’s three-token system includes STEEM, the native token used for rewards and liquidity; Steem Power (SP), a vested token for staking and governance; and Steem Dollars (SBD), a stablecoin intended to be pegged to the US dollar but often subject to volatility. STEEM is primarily used to reward users for posting and curating content, peer-to-peer transfers, and staking for governance. SP increases voting influence, while SBD offers a more stable, though fluctuating, form of payment. Steem’s core application is Steemit, a decentralised social media platform where users earn rewards directly from blockchain protocol incentives.”

Steem Coin Trading

It is usually not currently possible to buy alternative cryptocurrencies such as Steem directly using U.S. dollars. Investors seeking to acquire Steem should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Gemini or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Steem using one of the aforementioned exchanges.

STEEM/USD price chart by TradingView