Steem (STEEM) Hits Market Cap of $77.88 Million

Steem (STEEM) traded 1.3% higher against the US dollar during the 1-day period ending at 23:00 PM Eastern on November 1st. Over the last seven days, Steem has traded 0.9% higher against the US dollar. Steem has a market cap of $77.88 million and approximately $17.93 million worth of Steem was traded on exchanges in the last 24 hours. One Steem coin can currently be bought for $0.16 or 0.00000235 BTC on exchanges.

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

• Bitcoin (BTC) traded 0.8% higher against the dollar and now trades at $69,753.83 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 2% against the dollar and now trades at $0.16 or 0.00000233 BTC.
• Bitcoin Cash (BCH) traded up 0.4% against the dollar and now trades at $351.78 or 0.00504320 BTC.
• UNUS SED LEO (LEO) traded 0.1% lower against the dollar and now trades at $6.05 or 0.00008668 BTC.
• Litecoin (LTC) traded up 3% against the dollar and now trades at $70.92 or 0.00101673 BTC.
• Monero (XMR) traded 2.6% higher against the dollar and now trades at $159.05 or 0.00228016 BTC.
• Ethereum Classic (ETC) traded up 0.4% against the dollar and now trades at $18.57 or 0.00026622 BTC.
• Bitcoin SV (BSV) traded 1.1% lower against the dollar and now trades at $49.98 or 0.00071650 BTC.
• Arweave (AR) traded down 2.1% against the dollar and now trades at $14.95 or 0.00021426 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

Steem Profile

Steem (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 475,244,324 coins. 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. 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.”

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, GDAX 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