Steem (STEEM) Trading Down 5% Over Last 7 Days

Steem (STEEM) traded 2.1% lower against the dollar during the 24-hour period ending at 14:00 PM E.T. on October 25th. One Steem coin can now be bought for about $0.17 or 0.00000253 BTC on major exchanges. During the last week, Steem has traded 5% lower against the dollar. Steem has a total market capitalization of $81.12 million and approximately $16.58 million worth of Steem was traded on exchanges in the last 24 hours.

Here is how other cryptocurrencies have performed during the last 24 hours:

• Bitcoin (BTC) traded down 1.1% against the dollar and now trades at $67,390.72 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 3.7% against the dollar and now trades at $0.14 or 0.00000201 BTC.
• Bitcoin Cash (BCH) traded up 0.6% against the dollar and now trades at $363.94 or 0.00539742 BTC.
• UNUS SED LEO (LEO) traded 1.9% lower against the dollar and now trades at $6.00 or 0.00008897 BTC.
• Litecoin (LTC) traded 0.6% higher against the dollar and now trades at $71.58 or 0.00106154 BTC.
• Monero (XMR) traded 0.4% higher against the dollar and now trades at $156.38 or 0.00231911 BTC.
• Ethereum Classic (ETC) traded up 1.4% against the dollar and now trades at $19.09 or 0.00028317 BTC.
• Arweave (AR) traded down 1.7% against the dollar and now trades at $17.90 or 0.00026544 BTC.
• Bitcoin SV (BSV) traded 0.8% lower against the dollar and now trades at $47.65 or 0.00070674 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

Steem Coin Profile

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 474,661,416 coins. Steem’s official Twitter account is @steemit and its Facebook page is accessible here. The official website for Steem is steem.com. 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.

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.”

Steem Coin Trading

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 GDAX, Gemini or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Steem using one of the exchanges listed above.

STEEM/USD price chart by TradingView