Steem Achieves Market Capitalization of $138.57 Million (STEEM)

Steem (STEEM) traded 0.6% lower against the U.S. dollar during the 24-hour period ending at 15:00 PM Eastern on May 5th. Steem has a total market capitalization of $138.57 million and approximately $9.18 million worth of Steem was traded on exchanges in the last day. During the last week, Steem has traded up 4.6% against the U.S. dollar. One Steem coin can currently be purchased for approximately $0.30 or 0.00000470 BTC on major cryptocurrency exchanges.

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

• Bitcoin (BTC) traded 0.1% higher against the dollar and now trades at $63,979.19 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 1% against the dollar and now trades at $0.16 or 0.00000254 BTC.
• Bitcoin Cash (BCH) traded 0.5% higher against the dollar and now trades at $467.30 or 0.00730390 BTC.
• Litecoin (LTC) traded down 0.9% against the dollar and now trades at $81.35 or 0.00127145 BTC.
• UNUS SED LEO (LEO) traded up 0.4% against the dollar and now trades at $5.84 or 0.00009133 BTC.
• Ethereum Classic (ETC) traded 1.9% higher against the dollar and now trades at $27.66 or 0.00043235 BTC.
• Arweave (AR) traded 11.8% higher against the dollar and now trades at $39.75 or 0.00062123 BTC.
• Monero (XMR) traded 1.8% higher against the dollar and now trades at $130.33 or 0.00203708 BTC.
• Bitcoin SV (BSV) traded 0.9% lower against the dollar and now trades at $64.78 or 0.00101245 BTC.
• eCash (XEC) traded 1.7% lower against the dollar and now trades at $0.0001 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 461,236,365 coins. Steem’s official Twitter account is @steemit and its Facebook page is accessible here. Steem’s official website 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.

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 possible to buy alternative cryptocurrencies such as Steem directly using US dollars. Investors seeking to acquire Steem should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Steem using one of the exchanges listed above.

STEEM/USD price chart by TradingView