Steem Tops 24 Hour Trading Volume of $16.97 Million (STEEM)

Steem (STEEM) traded down 1.9% against the US dollar during the twenty-four hour period ending at 10:00 AM Eastern on February 10th. One Steem coin can currently be purchased for about $0.18 or 0.00000186 BTC on popular exchanges. Over the last seven days, Steem has traded 9.3% higher against the US dollar. Steem has a market cap of $87.35 million and approximately $16.97 million worth of Steem was traded on exchanges in the last 24 hours.

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

• Bitcoin (BTC) traded 0.7% higher against the dollar and now trades at $97,155.83 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 0.8% against the dollar and now trades at $0.25 or 0.00000259 BTC.
• UNUS SED LEO (LEO) traded up 0.3% against the dollar and now trades at $9.86 or 0.00010117 BTC.
• Litecoin (LTC) traded up 9.3% against the dollar and now trades at $118.32 or 0.00121392 BTC.
• Bitcoin Cash (BCH) traded 0.6% higher against the dollar and now trades at $329.93 or 0.00338512 BTC.
• Monero (XMR) traded 1.4% higher against the dollar and now trades at $221.28 or 0.00227031 BTC.
• Ethereum Classic (ETC) traded up 1.2% against the dollar and now trades at $20.59 or 0.00021130 BTC.
• IOTA (MIOTA) traded 4% higher against the dollar and now trades at $0.23 or 0.00000238 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded down 0.4% against the dollar and now trades at $39.38 or 0.00040403 BTC.

About Steem

Steem (CRYPTO: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 482,995,821 coins. The official website for Steem is steem.com. Steem’s official message board is steemit.com/@steemitblog. Steem’s official Twitter account is @steemit and its Facebook page is accessible here. 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 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.”

Buying and Selling Steem

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

STEEM/USD price chart by TradingView