Steem (STEEM) Price Down 20.1% Over Last 7 Days

Steem (STEEM) traded 7.4% lower against the dollar during the 1 day period ending at 12:00 PM Eastern on June 18th. One Steem coin can now be bought for about $0.18 or 0.00000286 BTC on exchanges. Steem has a market capitalization of $85.71 million and $5.67 million worth of Steem was traded on exchanges in the last day. During the last week, Steem has traded down 20.1% against the dollar.

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

  • Bitcoin (BTC) traded 1.4% lower against the dollar and now trades at $64,509.76 or 1.00000000 BTC.
  • Dogecoin (DOGE) traded 7.7% lower against the dollar and now trades at $0.12 or 0.00000185 BTC.
  • Bitcoin Cash (BCH) traded 7.9% lower against the dollar and now trades at $381.87 or 0.00591269 BTC.
  • Litecoin (LTC) traded 5.9% lower against the dollar and now trades at $71.88 or 0.00111302 BTC.
  • UNUS SED LEO (LEO) traded up 0% against the dollar and now trades at $5.67 or 0.00008782 BTC.
  • Ethereum Classic (ETC) traded 4.8% lower against the dollar and now trades at $22.87 or 0.00035407 BTC.
  • Monero (XMR) traded down 4.3% against the dollar and now trades at $167.65 or 0.00259583 BTC.
  • Arweave (AR) traded 5.4% lower against the dollar and now trades at $25.06 or 0.00038795 BTC.
  • Bitcoin SV (BSV) traded 11.6% lower against the dollar and now trades at $42.29 or 0.00065482 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 464,427,789 coins. The official website for Steem is steem.com. The Reddit community for Steem is https://reddit.com/r/steemit and the currency’s Github account can be viewed here. 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 currently possible to purchase alternative cryptocurrencies such as Steem directly using U.S. dollars. Investors seeking to trade Steem should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Steem using one of the aforementioned exchanges.

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