Steem 24-Hour Trading Volume Tops $1.50 Million (STEEM)

Steem (STEEM) traded 0.6% lower against the dollar during the 24 hour period ending at 18:00 PM E.T. on July 1st. One Steem coin can currently be purchased for about $0.20 or 0.00000312 BTC on major exchanges. In the last week, Steem has traded 1.9% higher against the dollar. Steem has a total market cap of $91.67 million and approximately $1.50 million worth of Steem was traded on exchanges in the last 24 hours.

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

• Bitcoin (BTC) traded 0.4% higher against the dollar and now trades at $63,048.55 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 1.2% against the dollar and now trades at $0.12 or 0.00000197 BTC.
• Bitcoin Cash (BCH) traded 0.4% lower against the dollar and now trades at $387.88 or 0.00615213 BTC.
• Litecoin (LTC) traded down 0.7% against the dollar and now trades at $74.40 or 0.00118001 BTC.
• UNUS SED LEO (LEO) traded 0.2% lower against the dollar and now trades at $5.83 or 0.00009243 BTC.
• Ethereum Classic (ETC) traded down 0.5% against the dollar and now trades at $23.38 or 0.00037085 BTC.
• Monero (XMR) traded up 0.4% against the dollar and now trades at $168.03 or 0.00266502 BTC.
• Arweave (AR) traded up 5.8% against the dollar and now trades at $28.78 or 0.00045649 BTC.
• Bitcoin SV (BSV) traded up 0.9% against the dollar and now trades at $44.63 or 0.00070780 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

Steem Profile

Steem (CRYPTO: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 465,476,363 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 Twitter account is @steemit and its Facebook page is accessible here. The official website for Steem 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 currently possible to buy alternative cryptocurrencies such as Steem directly using U.S. dollars. Investors seeking to acquire Steem should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Steem using one of the exchanges listed above.

STEEM/USD price chart by TradingView