Steem (STEEM) Price Reaches $0.0742 on Top Exchanges

Steem (STEEM) traded 58.5% higher against the US dollar during the 1 day period ending at 8:00 AM E.T. on September 13th. Steem has a total market cap of $38.74 million and $157.12 million worth of Steem was traded on exchanges in the last 24 hours. One Steem coin can currently be purchased for approximately $0.0742 or 0.00000097 BTC on popular cryptocurrency exchanges. During the last week, Steem has traded up 60.4% against the US dollar.

Here is how other cryptocurrencies have performed during the last 24 hours:

• Arweave (AR) traded down 2.5% against the dollar and now trades at $2.54 or 0.00003313 BTC.
• Bitcoin (BTC) traded 0.6% lower against the dollar and now trades at $76,747.28 or 1.00000000 BTC.
• Zcash (ZEC) traded down 5% against the dollar and now trades at $1,091.56 or 0.01421252 BTC.
• Dogecoin (DOGE) traded 1.8% lower against the dollar and now trades at $0.0835 or 0.00000109 BTC.
• Monero (XMR) traded 1.5% higher against the dollar and now trades at $534.94 or 0.00696521 BTC.
• UNUS SED LEO (LEO) traded down 0.6% against the dollar and now trades at $9.05 or 0.00011783 BTC.
• Bitcoin Cash (BCH) traded 3.2% lower against the dollar and now trades at $223.48 or 0.00290982 BTC.
• Litecoin (LTC) traded down 0.7% against the dollar and now trades at $53.57 or 0.00069757 BTC.
• Ethereum Classic (ETC) traded down 3% against the dollar and now trades at $7.54 or 0.00009813 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 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 557,916,962 coins and its circulating supply is 522,267,379 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. The official message board for Steem is steemit.com/@steemitblog. Steem’s official Twitter account is @steemit and its Facebook page is accessible 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.”

Steem Coin Trading

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

STEEM/USD price chart by TradingView