Steem (STEEM) 24-Hour Volume Tops $555.87 Million

Steem (STEEM) traded 11.8% higher against the U.S. dollar during the 1 day period ending at 10:00 AM ET on January 5th. One Steem coin can currently be purchased for approximately $0.31 or 0.00000315 BTC on popular cryptocurrency exchanges. In the last week, Steem has traded 3.5% higher against the U.S. dollar. Steem has a total market cap of $148.07 million and approximately $555.87 million worth of Steem was traded on exchanges in the last 24 hours.

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

• Bitcoin (BTC) traded up 0.2% against the dollar and now trades at $97,837.64 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 2.7% against the dollar and now trades at $0.38 or 0.00000390 BTC.
• Bitcoin Cash (BCH) traded 2.8% lower against the dollar and now trades at $468.15 or 0.00478500 BTC.
• Litecoin (LTC) traded down 0.4% against the dollar and now trades at $111.98 or 0.00114459 BTC.
• UNUS SED LEO (LEO) traded 0.2% lower against the dollar and now trades at $9.11 or 0.00009312 BTC.
• Ethereum Classic (ETC) traded down 3% against the dollar and now trades at $27.73 or 0.00028339 BTC.
• Monero (XMR) traded 0.9% higher against the dollar and now trades at $196.88 or 0.00201230 BTC.
• IOTA (MIOTA) traded 1.1% lower against the dollar and now trades at $0.36 or 0.00000371 BTC.
• Arweave (AR) traded down 3.2% against the dollar and now trades at $19.03 or 0.00019455 BTC.
• Bitcoin SV (BSV) traded 2.2% lower against the dollar and now trades at $56.24 or 0.00057479 BTC.

About Steem

Steem (CRYPTO: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 480,229,490 coins and its circulating supply is 480,227,845 coins. 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 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.

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 presently possible to buy alternative cryptocurrencies such as Steem directly using US dollars. Investors seeking to trade Steem should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Steem using one of the aforementioned exchanges.

STEEM/USD price chart by TradingView