Steem Market Capitalization Reaches $77.92 Million (STEEM)

Steem (STEEM) traded 2.5% higher against the U.S. dollar during the one day period ending at 10:00 AM ET on October 27th. During the last week, Steem has traded 11.7% lower against the U.S. dollar. Steem has a total market cap of $77.92 million and approximately $11.26 million worth of Steem was traded on exchanges in the last 24 hours. One Steem coin can currently be bought for $0.16 or 0.00000243 BTC on cryptocurrency exchanges.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• Bitcoin (BTC) traded up 1.3% against the dollar and now trades at $67,581.39 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 4.1% against the dollar and now trades at $0.14 or 0.00000206 BTC.
• Bitcoin Cash (BCH) traded up 0.5% against the dollar and now trades at $350.73 or 0.00518975 BTC.
• UNUS SED LEO (LEO) traded 1.8% higher against the dollar and now trades at $6.11 or 0.00009044 BTC.
• Litecoin (LTC) traded 2.9% higher against the dollar and now trades at $70.58 or 0.00104437 BTC.
• Monero (XMR) traded up 1.3% against the dollar and now trades at $160.34 or 0.00237262 BTC.
• Ethereum Classic (ETC) traded up 0.7% against the dollar and now trades at $18.30 or 0.00027083 BTC.
• Arweave (AR) traded 0.3% lower against the dollar and now trades at $16.01 or 0.00023692 BTC.
• Bitcoin SV (BSV) traded 1.7% higher against the dollar and now trades at $45.99 or 0.00068057 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

About Steem

Steem is a proof-of-work (PoW) coin that uses the PoS hashing algorithm. It launched on March 24th, 2016. Steem’s total supply is 474,805,284 coins. Steem’s official Twitter account is @steemit and its Facebook page is accessible here. The official website for Steem is steem.com. Steem’s official message board is steemit.com/@steemitblog. The Reddit community for Steem is https://reddit.com/r/steemit and the currency’s Github account can be viewed 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.”

Steem Coin Trading

It is usually not possible to buy alternative cryptocurrencies such as Steem directly using U.S. dollars. Investors seeking to trade Steem should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Steem using one of the aforementioned exchanges.

STEEM/USD price chart by TradingView