Steem Hits 24 Hour Volume of $10.00 Million (STEEM)

Steem (STEEM) traded 2.5% higher against the dollar during the twenty-four hour period ending at 17:00 PM ET on October 27th. One Steem coin can now be purchased for approximately $0.17 or 0.00000244 BTC on popular cryptocurrency exchanges. Steem has a total market capitalization of $78.51 million and $10.00 million worth of Steem was traded on exchanges in the last 24 hours. During the last seven days, Steem has traded down 11.6% against the dollar.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• Bitcoin (BTC) traded 0.8% higher against the dollar and now trades at $67,697.14 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 3.3% higher against the dollar and now trades at $0.14 or 0.00000208 BTC.
• Bitcoin Cash (BCH) traded up 0.1% against the dollar and now trades at $350.78 or 0.00518154 BTC.
• UNUS SED LEO (LEO) traded up 0.8% against the dollar and now trades at $6.05 or 0.00008943 BTC.
• Litecoin (LTC) traded 3.2% higher against the dollar and now trades at $70.78 or 0.00104554 BTC.
• Monero (XMR) traded 1.9% higher against the dollar and now trades at $162.92 or 0.00240657 BTC.
• Ethereum Classic (ETC) traded 0.3% higher against the dollar and now trades at $18.30 or 0.00027030 BTC.
• Arweave (AR) traded 0.2% higher against the dollar and now trades at $16.10 or 0.00023779 BTC.
• Bitcoin SV (BSV) traded up 0.9% against the dollar and now trades at $45.96 or 0.00067884 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

Steem Profile

Steem (STEEM) is a proof-of-work (PoW) coin that uses the PoS hashing algorithm. It was first traded on March 24th, 2016. Steem’s total supply is 474,826,574 coins. Steem’s official Twitter account is @steemit and its Facebook page is accessible here. Steem’s official message board is steemit.com/@steemitblog. 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.

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 possible to buy alternative cryptocurrencies such as Steem directly using U.S. dollars. Investors seeking to trade Steem should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, 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