Steem (STEEM) Market Cap Achieves $79.74 Million

Steem (STEEM) traded up 6.4% against the dollar during the 24-hour period ending at 11:00 AM E.T. on November 6th. One Steem coin can currently be bought for $0.17 or 0.00000226 BTC on major exchanges. In the last seven days, Steem has traded 4.1% lower against the dollar. Steem has a market cap of $79.74 million and approximately $26.31 million worth of Steem was traded on exchanges in the last 24 hours.

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

• Bitcoin (BTC) traded 5.5% higher against the dollar and now trades at $74,297.72 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 8.4% higher against the dollar and now trades at $0.19 or 0.00000257 BTC.
• Bitcoin Cash (BCH) traded 7.4% higher against the dollar and now trades at $368.88 or 0.00496491 BTC.
• UNUS SED LEO (LEO) traded up 1% against the dollar and now trades at $6.11 or 0.00008228 BTC.
• Litecoin (LTC) traded 4.5% higher against the dollar and now trades at $69.48 or 0.00093514 BTC.
• Monero (XMR) traded up 0.5% against the dollar and now trades at $163.26 or 0.00219732 BTC.
• Ethereum Classic (ETC) traded 4.7% higher against the dollar and now trades at $19.07 or 0.00025668 BTC.
• Arweave (AR) traded up 10.3% against the dollar and now trades at $15.29 or 0.00020577 BTC.
• Bitcoin SV (BSV) traded 6.4% higher against the dollar and now trades at $50.29 or 0.00067683 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

Steem Coin Profile

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 475,606,736 coins. Steem’s official Twitter account is @steemit and its Facebook page is accessible here. 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. 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 Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Gemini or Coinbase. 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