Steem Trading Down 22.1% Over Last Week (STEEM)

Steem (STEEM) traded 4% lower against the U.S. dollar during the 1-day period ending at 9:00 AM ET on April 17th. Over the last seven days, Steem has traded down 22.1% against the U.S. dollar. One Steem coin can currently be bought for about $0.24 or 0.00000387 BTC on major exchanges. Steem has a market cap of $110.50 million and $5.83 million worth of Steem was traded on exchanges in the last day.

Here is how related cryptocurrencies have performed over the last day:

• Bitcoin (BTC) traded 0.8% lower against the dollar and now trades at $62,156.04 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 2.7% lower against the dollar and now trades at $0.15 or 0.00000243 BTC.
• Bitcoin Cash (BCH) traded 5.4% lower against the dollar and now trades at $460.07 or 0.00740180 BTC.
• Litecoin (LTC) traded 1.9% lower against the dollar and now trades at $77.10 or 0.00124049 BTC.
• UNUS SED LEO (LEO) traded 0.3% lower against the dollar and now trades at $5.87 or 0.00009445 BTC.
• Ethereum Classic (ETC) traded down 2.4% against the dollar and now trades at $25.51 or 0.00041046 BTC.
• Monero (XMR) traded up 1.3% against the dollar and now trades at $121.21 or 0.00195013 BTC.
• Arweave (AR) traded down 5.7% against the dollar and now trades at $23.80 or 0.00038286 BTC.
• Bitcoin SV (BSV) traded down 3% against the dollar and now trades at $64.67 or 0.00104051 BTC.
• eCash (XEC) traded 4.5% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Steem Profile

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 459,949,038 coins. 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. Steem’s official message board is steemit.com/@steemitblog. 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 currently possible to purchase alternative cryptocurrencies such as Steem directly using US dollars. Investors seeking to trade Steem should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Steem using one of the aforementioned exchanges.

STEEM/USD price chart by TradingView