Steem (STEEM) Hits 1-Day Trading Volume of $17.23 Million

Steem (STEEM) traded 0% lower against the US dollar during the one day period ending at 12:00 PM E.T. on July 28th. Over the last seven days, Steem has traded down 3% against the US dollar. One Steem coin can now be purchased for $0.20 or 0.00000298 BTC on exchanges. Steem has a market capitalization of $94.21 million and approximately $17.23 million worth of Steem was traded on exchanges in the last day.

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

• Bitcoin (BTC) traded 1.9% lower against the dollar and now trades at $67,646.70 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 3.4% against the dollar and now trades at $0.13 or 0.00000192 BTC.
• Bitcoin Cash (BCH) traded 1.6% higher against the dollar and now trades at $402.97 or 0.00595695 BTC.
• UNUS SED LEO (LEO) traded 0.5% higher against the dollar and now trades at $5.84 or 0.00008635 BTC.
• Litecoin (LTC) traded down 1.7% against the dollar and now trades at $70.94 or 0.00104863 BTC.
• Ethereum Classic (ETC) traded down 1.7% against the dollar and now trades at $22.62 or 0.00033436 BTC.
• Monero (XMR) traded 0.6% lower against the dollar and now trades at $163.69 or 0.00241982 BTC.
• Arweave (AR) traded 4.9% lower against the dollar and now trades at $30.54 or 0.00045153 BTC.
• Bitcoin SV (BSV) traded down 2.9% against the dollar and now trades at $45.01 or 0.00066534 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

Steem Profile

Steem is a proof-of-work (PoW) coin that uses the PoS hashing algorithm. Its genesis date was March 24th, 2016. Steem’s total supply is 467,593,358 coins. Steem’s official Twitter account is @steemit and its Facebook page is accessible here. The official website for Steem is steem.com. 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.

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 US dollars. Investors seeking to acquire Steem should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Steem using one of the aforementioned exchanges.

STEEM/USD price chart by TradingView