Steem (STEEM) 1-Day Trading Volume Tops $56.86 Million

Steem (STEEM) traded up 2% against the US dollar during the 24-hour period ending at 10:00 AM Eastern on November 26th. One Steem coin can now be purchased for approximately $0.25 or 0.00000269 BTC on major exchanges. Steem has a total market cap of $119.88 million and approximately $56.86 million worth of Steem was traded on exchanges in the last day. In the last seven days, Steem has traded 16% higher against the US dollar.

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

• Bitcoin (BTC) traded 2.3% lower against the dollar and now trades at $93,346.35 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 5.2% lower against the dollar and now trades at $0.38 or 0.00000412 BTC.
• Bitcoin Cash (BCH) traded down 3.8% against the dollar and now trades at $490.31 or 0.00525255 BTC.
• UNUS SED LEO (LEO) traded down 3% against the dollar and now trades at $8.14 or 0.00008719 BTC.
• Litecoin (LTC) traded down 3.1% against the dollar and now trades at $91.33 or 0.00097835 BTC.
• Ethereum Classic (ETC) traded 6.5% lower against the dollar and now trades at $28.39 or 0.00030409 BTC.
• Monero (XMR) traded 4.6% lower against the dollar and now trades at $155.80 or 0.00166902 BTC.
• Bitcoin SV (BSV) traded down 3.1% against the dollar and now trades at $65.82 or 0.00070507 BTC.
• Arweave (AR) traded 8.6% lower against the dollar and now trades at $19.61 or 0.00021003 BTC.
• eCash (XEC) traded 3.4% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.

About Steem

Steem (CRYPTO: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 477,187,888 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. Steem’s official Twitter account is @steemit and its Facebook page is accessible here. Steem’s official message board is steemit.com/@steemitblog.

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 US dollars. Investors seeking to trade Steem should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Steem using one of the aforementioned exchanges.

STEEM/USD price chart by TradingView