Steem Price Up 4.9% Over Last Week (STEEM)

Steem (STEEM) traded 3.2% lower against the U.S. dollar during the 1 day period ending at 13:00 PM E.T. on May 6th. Over the last week, Steem has traded up 4.9% against the U.S. dollar. One Steem coin can currently be purchased for about $0.29 or 0.00000461 BTC on popular exchanges. Steem has a total market capitalization of $134.73 million and $8.98 million worth of Steem was traded on exchanges in the last day.

Here is how other cryptocurrencies have performed over the last day:

• Bitcoin (BTC) traded down 1.6% against the dollar and now trades at $63,316.95 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 4.1% against the dollar and now trades at $0.16 or 0.00000247 BTC.
• Bitcoin Cash (BCH) traded up 2.7% against the dollar and now trades at $482.29 or 0.00761708 BTC.
• Litecoin (LTC) traded 0.3% higher against the dollar and now trades at $81.78 or 0.00129160 BTC.
• UNUS SED LEO (LEO) traded 0.2% lower against the dollar and now trades at $5.82 or 0.00009197 BTC.
• Ethereum Classic (ETC) traded down 0.9% against the dollar and now trades at $27.40 or 0.00043278 BTC.
• Arweave (AR) traded 3.1% lower against the dollar and now trades at $39.90 or 0.00063020 BTC.
• Monero (XMR) traded up 0.9% against the dollar and now trades at $130.60 or 0.00206269 BTC.
• Bitcoin SV (BSV) traded 0.9% lower against the dollar and now trades at $64.72 or 0.00102214 BTC.
• eCash (XEC) traded down 2.5% against the dollar and now trades at $0.0000 or 0.00000000 BTC.

About Steem

Steem (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 461,291,714 coins. Steem’s official Twitter account is @steemit and its Facebook page is accessible here. Steem’s official website is steem.com. Steem’s official message board 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 presently possible to purchase alternative cryptocurrencies such as Steem directly using U.S. dollars. Investors seeking to trade Steem should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Steem using one of the exchanges listed above.

STEEM/USD price chart by TradingView