Steem (STEEM) Tops 24 Hour Volume of $16.71 Million

Steem (STEEM) traded 0.3% higher against the US dollar during the 24 hour period ending at 20:00 PM ET on October 24th. Steem has a market cap of $83.01 million and approximately $16.71 million worth of Steem was traded on exchanges in the last 24 hours. One Steem coin can currently be bought for about $0.17 or 0.00000257 BTC on major exchanges. Over the last seven days, Steem has traded 1.2% lower against the US dollar.

Here is how related cryptocurrencies have performed over the last 24 hours:

• Bitcoin (BTC) traded 1.6% higher against the dollar and now trades at $67,960.16 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 0.2% against the dollar and now trades at $0.14 or 0.00000207 BTC.
• Bitcoin Cash (BCH) traded 4.9% higher against the dollar and now trades at $366.01 or 0.00538445 BTC.
• UNUS SED LEO (LEO) traded 0.2% higher against the dollar and now trades at $6.09 or 0.00008956 BTC.
• Litecoin (LTC) traded 1.4% higher against the dollar and now trades at $70.90 or 0.00104298 BTC.
• Monero (XMR) traded up 0.3% against the dollar and now trades at $157.45 or 0.00231622 BTC.
• Ethereum Classic (ETC) traded up 0.6% against the dollar and now trades at $18.79 or 0.00027644 BTC.
• Arweave (AR) traded up 1.4% against the dollar and now trades at $18.26 or 0.00026860 BTC.
• Bitcoin SV (BSV) traded 2.7% higher against the dollar and now trades at $48.17 or 0.00070859 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

Steem Profile

Steem (CRYPTO: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 474,599,938 coins. 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. The official website for Steem is steem.com. 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 currently possible to buy alternative cryptocurrencies such as Steem directly using U.S. dollars. Investors seeking to acquire Steem should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Gemini or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Steem using one of the aforementioned exchanges.

STEEM/USD price chart by TradingView