Steem Trading Up 3.5% Over Last 7 Days (STEEM)

Steem (STEEM) traded 11.8% higher against the US dollar during the twenty-four hour period ending at 10:00 AM Eastern on January 5th. One Steem coin can currently be bought for about $0.31 or 0.00000315 BTC on cryptocurrency exchanges. Steem has a total market capitalization of $148.07 million and approximately $555.87 million worth of Steem was traded on exchanges in the last day. During the last week, Steem has traded 3.5% higher against the US dollar.

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

• Bitcoin (BTC) traded 0.2% higher against the dollar and now trades at $97,837.64 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 2.7% against the dollar and now trades at $0.38 or 0.00000390 BTC.
• Bitcoin Cash (BCH) traded down 2.8% against the dollar and now trades at $468.15 or 0.00478500 BTC.
• Litecoin (LTC) traded 0.4% lower against the dollar and now trades at $111.98 or 0.00114459 BTC.
• UNUS SED LEO (LEO) traded 0.2% lower against the dollar and now trades at $9.11 or 0.00009312 BTC.
• Ethereum Classic (ETC) traded 3% lower against the dollar and now trades at $27.73 or 0.00028339 BTC.
• Monero (XMR) traded 0.9% higher against the dollar and now trades at $196.88 or 0.00201230 BTC.
• IOTA (MIOTA) traded down 1.1% against the dollar and now trades at $0.36 or 0.00000371 BTC.
• Arweave (AR) traded 3.2% lower against the dollar and now trades at $19.03 or 0.00019455 BTC.
• Bitcoin SV (BSV) traded down 2.2% against the dollar and now trades at $56.24 or 0.00057479 BTC.

About Steem

Steem is a proof-of-work (PoW) coin that uses the PoS hashing algorithm. It launched on March 24th, 2016. Steem’s total supply is 480,229,490 coins and its circulating supply is 480,227,845 coins. Steem’s official Twitter account is @steemit and its Facebook page is accessible here. The official message board for Steem is steemit.com/@steemitblog. The Reddit community for Steem is https://reddit.com/r/steemit and the currency’s Github account can be viewed here. Steem’s official website is steem.com.

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 possible to buy alternative cryptocurrencies such as Steem directly using US dollars. Investors seeking to acquire Steem should first buy Ethereum or Bitcoin using an exchange that deals in US 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