Steem (STEEM) Trading 24.7% Lower This Week

Steem (STEEM) traded 0.4% lower against the US dollar during the 24 hour period ending at 14:00 PM Eastern on April 17th. One Steem coin can now be bought for approximately $0.25 or 0.00000397 BTC on cryptocurrency exchanges. Steem has a total market cap of $112.70 million and $5.45 million worth of Steem was traded on exchanges in the last day. During the last week, Steem has traded down 24.7% against the US dollar.

Here’s how similar cryptocurrencies have performed during the last day:

• Bitcoin (BTC) traded down 2.3% against the dollar and now trades at $61,736.69 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 2.2% against the dollar and now trades at $0.15 or 0.00000242 BTC.
• Bitcoin Cash (BCH) traded down 3.4% against the dollar and now trades at $464.36 or 0.00752159 BTC.
• Litecoin (LTC) traded 0.4% higher against the dollar and now trades at $79.14 or 0.00128196 BTC.
• UNUS SED LEO (LEO) traded 0.4% higher against the dollar and now trades at $5.88 or 0.00009527 BTC.
• Ethereum Classic (ETC) traded 1.1% lower against the dollar and now trades at $25.49 or 0.00041292 BTC.
• Monero (XMR) traded 0.3% lower against the dollar and now trades at $119.90 or 0.00194220 BTC.
• Arweave (AR) traded up 2.4% against the dollar and now trades at $24.71 or 0.00040026 BTC.
• Bitcoin SV (BSV) traded down 1.6% against the dollar and now trades at $65.31 or 0.00105794 BTC.
• eCash (XEC) traded 3.6% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Steem Profile

Steem (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 459,968,867 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 purchase alternative cryptocurrencies such as Steem directly using U.S. dollars. Investors seeking to trade Steem should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Coinbase or Gemini. 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