Steem Price Reaches $0.30 on Exchanges (STEEM)

Steem (STEEM) traded 9.4% higher against the US dollar during the one day period ending at 8:00 AM Eastern on May 2nd. In the last seven days, Steem has traded up 1.8% against the US dollar. Steem has a market cap of $138.93 million and $87.67 million worth of Steem was traded on exchanges in the last day. One Steem coin can now be bought for about $0.30 or 0.00000512 BTC on major exchanges.

Here is how other cryptocurrencies have performed in the last day:

• Bitcoin (BTC) traded 1.6% higher against the dollar and now trades at $58,849.51 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 4.1% against the dollar and now trades at $0.13 or 0.00000224 BTC.
• Bitcoin Cash (BCH) traded up 3.7% against the dollar and now trades at $426.39 or 0.00724539 BTC.
• Litecoin (LTC) traded 3.4% higher against the dollar and now trades at $80.16 or 0.00136215 BTC.
• UNUS SED LEO (LEO) traded up 0.8% against the dollar and now trades at $5.87 or 0.00009970 BTC.
• Ethereum Classic (ETC) traded 3.4% higher against the dollar and now trades at $25.73 or 0.00043729 BTC.
• Monero (XMR) traded 5.6% higher against the dollar and now trades at $125.71 or 0.00213613 BTC.
• Arweave (AR) traded 15.4% higher against the dollar and now trades at $31.94 or 0.00054270 BTC.
• Bitcoin SV (BSV) traded up 1.6% against the dollar and now trades at $58.57 or 0.00099523 BTC.
• eCash (XEC) traded 2.6% higher 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 genesis date was March 24th, 2016. Steem’s total supply is 461,014,817 coins. The Reddit community for Steem is https://reddit.com/r/steemit and the currency’s Github account can be viewed here. The official website for Steem is steem.com. Steem’s official Twitter account is @steemit and its Facebook page is accessible here. The official message board for Steem is steemit.com/@steemitblog.

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 currently 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 Gemini, Coinbase or GDAX. 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