Steem Trading Down 6% Over Last Week (STEEM)

Steem (STEEM) traded up 5% against the US dollar during the 24 hour period ending at 0:00 AM ET on October 28th. One Steem coin can now be purchased for $0.17 or 0.00000241 BTC on major exchanges. Steem has a total market cap of $81.09 million and approximately $17.35 million worth of Steem was traded on exchanges in the last 24 hours. Over the last week, Steem has traded down 6% against the US dollar.

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

• Bitcoin (BTC) traded 4.8% higher against the dollar and now trades at $70,902.72 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 16.3% higher against the dollar and now trades at $0.17 or 0.00000235 BTC.
• Bitcoin Cash (BCH) traded up 8.3% against the dollar and now trades at $376.32 or 0.00530759 BTC.
• UNUS SED LEO (LEO) traded up 0% against the dollar and now trades at $6.05 or 0.00008535 BTC.
• Litecoin (LTC) traded 2.1% higher against the dollar and now trades at $72.04 or 0.00101608 BTC.
• Monero (XMR) traded 0.1% higher against the dollar and now trades at $163.74 or 0.00230937 BTC.
• Ethereum Classic (ETC) traded up 5.1% against the dollar and now trades at $19.17 or 0.00027036 BTC.
• Arweave (AR) traded 4.8% higher against the dollar and now trades at $16.47 or 0.00023224 BTC.
• Bitcoin SV (BSV) traded up 13.9% against the dollar and now trades at $51.81 or 0.00073066 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

About Steem

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 474,929,152 coins. The official message board for Steem 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. 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 purchase alternative cryptocurrencies such as Steem directly using U.S. dollars. Investors seeking to acquire Steem should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Gemini or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Steem using one of the aforementioned exchanges.

STEEM/USD price chart by TradingView