Steem (STEEM) Price Tops $0.29

Steem (STEEM) traded down 2.1% against the U.S. dollar during the one day period ending at 9:00 AM ET on April 27th. One Steem coin can currently be bought for about $0.29 or 0.00000462 BTC on cryptocurrency exchanges. Steem has a market cap of $134.07 million and approximately $6.66 million worth of Steem was traded on exchanges in the last day. In the last seven days, Steem has traded 9.9% higher against the U.S. dollar.

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

• Bitcoin (BTC) traded down 1.2% against the dollar and now trades at $63,059.00 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 1.5% against the dollar and now trades at $0.15 or 0.00000231 BTC.
• Bitcoin Cash (BCH) traded 1% lower against the dollar and now trades at $472.60 or 0.00749453 BTC.
• Litecoin (LTC) traded 3.2% lower against the dollar and now trades at $84.73 or 0.00134360 BTC.
• UNUS SED LEO (LEO) traded 1.5% lower against the dollar and now trades at $5.81 or 0.00009218 BTC.
• Ethereum Classic (ETC) traded 0.8% higher against the dollar and now trades at $26.80 or 0.00042505 BTC.
• Monero (XMR) traded down 0.7% against the dollar and now trades at $120.38 or 0.00190898 BTC.
• Arweave (AR) traded 0.2% lower against the dollar and now trades at $32.11 or 0.00050925 BTC.
• Bitcoin SV (BSV) traded 0.1% lower against the dollar and now trades at $65.23 or 0.00103442 BTC.
• eCash (XEC) traded 1.9% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.

Steem Coin Profile

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 460,687,195 coins. 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 website is steem.com. 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.”

Steem Coin Trading

It is usually not possible to buy alternative cryptocurrencies such as Steem directly using U.S. dollars. Investors seeking to trade Steem should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Gemini or GDAX. 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