Steem Price Up 2.3% Over Last Week (STEEM)

Steem (STEEM) traded down 2.7% against the US dollar during the 24 hour period ending at 10:00 AM ET on December 24th. Steem has a total market capitalization of $117.03 million and $111.37 million worth of Steem was traded on exchanges in the last 24 hours. During the last seven days, Steem has traded up 2.3% against the US dollar. One Steem coin can now be purchased for $0.24 or 0.00000251 BTC on major exchanges.

Here is how similar cryptocurrencies have performed during the last 24 hours:

• Bitcoin (BTC) traded 4.5% higher against the dollar and now trades at $97,418.83 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 8.2% against the dollar and now trades at $0.33 or 0.00000341 BTC.
• Bitcoin Cash (BCH) traded 8.6% higher against the dollar and now trades at $473.03 or 0.00485564 BTC.
• UNUS SED LEO (LEO) traded 0.6% higher against the dollar and now trades at $9.43 or 0.00009677 BTC.
• Litecoin (LTC) traded 8.9% higher against the dollar and now trades at $109.24 or 0.00112132 BTC.
• Ethereum Classic (ETC) traded up 7.3% against the dollar and now trades at $27.92 or 0.00028660 BTC.
• Monero (XMR) traded up 0.5% against the dollar and now trades at $190.70 or 0.00195750 BTC.
• IOTA (MIOTA) traded up 18% against the dollar and now trades at $0.35 or 0.00000356 BTC.
• Arweave (AR) traded up 13.1% against the dollar and now trades at $17.87 or 0.00018345 BTC.
• Zcash (ZEC) traded 15.5% higher against the dollar and now trades at $69.87 or 0.00071717 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 479,297,043 coins. Steem’s official website 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.”

Buying and Selling Steem

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