Steem Hits 24 Hour Volume of $42.81 Million (STEEM)

Steem (STEEM) traded down 1% against the dollar during the one day period ending at 11:00 AM E.T. on March 26th. Over the last seven days, Steem has traded up 0.6% against the dollar. One Steem coin can currently be bought for $0.14 or 0.00000162 BTC on popular exchanges. Steem has a market cap of $71.04 million and $42.81 million worth of Steem was traded on exchanges in the last 24 hours.

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

• Arweave (AR) traded 5.2% lower against the dollar and now trades at $7.26 or 0.00008394 BTC.
• Bitcoin (BTC) traded 1% lower against the dollar and now trades at $86,545.33 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 3.9% higher against the dollar and now trades at $0.20 or 0.00000226 BTC.
• UNUS SED LEO (LEO) traded 0.4% higher against the dollar and now trades at $9.80 or 0.00011326 BTC.
• Litecoin (LTC) traded down 0.4% against the dollar and now trades at $93.14 or 0.00107620 BTC.
• Bitcoin Cash (BCH) traded down 0.4% against the dollar and now trades at $330.22 or 0.00381581 BTC.
• Monero (XMR) traded up 0.7% against the dollar and now trades at $223.77 or 0.00258570 BTC.
• Ethereum Classic (ETC) traded 1% lower against the dollar and now trades at $18.12 or 0.00020941 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• IOTA (MIOTA) traded up 4.4% against the dollar and now trades at $0.20 or 0.00000230 BTC.

Steem 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 506,253,698 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. The official message board for Steem is steemit.com/@steemitblog. Steem’s official Twitter account is @steemit and its Facebook page is accessible here.

According to CryptoCompare, “Steem is a blockchain platform designed to reward content creation and curation with cryptocurrency, launched in 2016 by Ned Scott and Dan Larimer. It uses a Delegated Proof of Stake (DPoS) consensus mechanism, ensuring fast, fee-free transactions and decentralised governance. The platform’s three-token system includes STEEM, the native token used for rewards and liquidity; Steem Power (SP), a vested token for staking and governance; and Steem Dollars (SBD), a stablecoin intended to be pegged to the US dollar but often subject to volatility. STEEM is primarily used to reward users for posting and curating content, peer-to-peer transfers, and staking for governance. SP increases voting influence, while SBD offers a more stable, though fluctuating, form of payment. Steem’s core application is Steemit, a decentralised social media platform where users earn rewards directly from blockchain protocol incentives.”

Steem Coin Trading

It is usually not presently possible to purchase alternative cryptocurrencies such as Steem directly using US dollars. Investors seeking to acquire Steem should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Steem using one of the exchanges listed above.

STEEM/USD price chart by TradingView