Steem (STEEM) Price Down 8.7% Over Last 7 Days

Steem (STEEM) traded up 3.4% against the dollar during the 1-day period ending at 9:00 AM Eastern on November 5th. Steem has a total market cap of $74.73 million and $16.04 million worth of Steem was traded on exchanges in the last 24 hours. Over the last seven days, Steem has traded 8.7% lower against the dollar. One Steem coin can currently be bought for approximately $0.16 or 0.00000225 BTC on major exchanges.

Here is how related cryptocurrencies have performed over the last 24 hours:

• Bitcoin (BTC) traded 2.2% higher against the dollar and now trades at $69,847.23 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 13.3% higher against the dollar and now trades at $0.18 or 0.00000254 BTC.
• Bitcoin Cash (BCH) traded 1.9% higher against the dollar and now trades at $343.23 or 0.00491398 BTC.
• UNUS SED LEO (LEO) traded up 0.1% against the dollar and now trades at $6.05 or 0.00008656 BTC.
• Litecoin (LTC) traded down 0.2% against the dollar and now trades at $66.40 or 0.00095065 BTC.
• Monero (XMR) traded down 0.1% against the dollar and now trades at $160.37 or 0.00229607 BTC.
• Ethereum Classic (ETC) traded up 2.7% against the dollar and now trades at $18.20 or 0.00026055 BTC.
• Bitcoin SV (BSV) traded 2.6% higher against the dollar and now trades at $47.26 or 0.00067659 BTC.
• Arweave (AR) traded up 2.7% against the dollar and now trades at $14.03 or 0.00020091 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 launch date was March 24th, 2016. Steem’s total supply is 475,522,476 coins. The Reddit community for Steem is https://reddit.com/r/steemit and the currency’s Github account can be viewed here. The official website for Steem is steem.com. Steem’s official message board is steemit.com/@steemitblog. 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.”

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 acquire Steem should first purchase 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 purchase Steem using one of the exchanges listed above.

STEEM/USD price chart by TradingView