Steem (STEEM) Price Hits $0.16

Steem (STEEM) traded down 0.1% against the US dollar during the 1-day period ending at 11:00 AM ET on October 28th. One Steem coin can currently be bought for approximately $0.16 or 0.00000239 BTC on cryptocurrency exchanges. Steem has a total market cap of $77.95 million and approximately $12.78 million worth of Steem was traded on exchanges in the last 24 hours. In the last seven days, Steem has traded down 9.4% against the US dollar.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

• Bitcoin (BTC) traded up 1.3% against the dollar and now trades at $68,604.35 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 6.6% against the dollar and now trades at $0.15 or 0.00000217 BTC.
• Bitcoin Cash (BCH) traded 2.9% higher against the dollar and now trades at $361.60 or 0.00527084 BTC.
• UNUS SED LEO (LEO) traded 0.9% lower against the dollar and now trades at $6.04 or 0.00008810 BTC.
• Litecoin (LTC) traded down 0.8% against the dollar and now trades at $70.13 or 0.00102223 BTC.
• Monero (XMR) traded 0.3% lower against the dollar and now trades at $160.46 or 0.00233890 BTC.
• Ethereum Classic (ETC) traded up 0.7% against the dollar and now trades at $18.53 or 0.00027014 BTC.
• Arweave (AR) traded 3.4% lower against the dollar and now trades at $15.58 or 0.00022706 BTC.
• Bitcoin SV (BSV) traded up 7.5% against the dollar and now trades at $49.48 or 0.00072127 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 474,887,731 coins. The official website for Steem is steem.com. Steem’s official Twitter account is @steemit and its Facebook page is accessible here. The official message board for Steem 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.”

Buying and Selling Steem

It is usually not currently possible to buy alternative cryptocurrencies such as Steem directly using U.S. dollars. Investors seeking to acquire Steem should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Changelly or Gemini. 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