Steem (STEEM) Trading 2.1% Lower This Week

Steem (STEEM) traded up 4.1% against the US dollar during the 1 day period ending at 17:00 PM E.T. on September 17th. One Steem coin can currently be bought for about $0.17 or 0.00000275 BTC on popular cryptocurrency exchanges. In the last seven days, Steem has traded 2.1% lower against the US dollar. Steem has a market capitalization of $78.22 million and $14.25 million worth of Steem was traded on exchanges in the last day.

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

• Bitcoin (BTC) traded 4.1% higher against the dollar and now trades at $60,331.05 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 2.5% higher against the dollar and now trades at $0.10 or 0.00000168 BTC.
• Bitcoin Cash (BCH) traded 1.4% higher against the dollar and now trades at $314.58 or 0.00521426 BTC.
• UNUS SED LEO (LEO) traded 0.5% lower against the dollar and now trades at $5.71 or 0.00009459 BTC.
• Litecoin (LTC) traded 2.1% higher against the dollar and now trades at $63.62 or 0.00105452 BTC.
• Monero (XMR) traded up 0.5% against the dollar and now trades at $171.81 or 0.00284771 BTC.
• Ethereum Classic (ETC) traded up 2.1% against the dollar and now trades at $18.05 or 0.00029921 BTC.
• Arweave (AR) traded 0.5% lower against the dollar and now trades at $18.64 or 0.00030891 BTC.
• Bitcoin SV (BSV) traded 3.2% higher against the dollar and now trades at $47.35 or 0.00078483 BTC.
• NyanCoin (NYAN) traded down 2.2% 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 471,655,159 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. Steem’s official message board 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.”

Buying and Selling Steem

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 Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Coinbase 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