Steem (STEEM) Reaches Market Cap of $134.58 Million

Steem (STEEM) traded 5.4% lower against the dollar during the 1 day period ending at 8:00 AM E.T. on May 5th. Over the last week, Steem has traded up 2% against the dollar. Steem has a total market cap of $134.58 million and approximately $10.42 million worth of Steem was traded on exchanges in the last 24 hours. One Steem coin can now be purchased for about $0.29 or 0.00000458 BTC on exchanges.

Here’s how other cryptocurrencies have performed over the last 24 hours:

• Bitcoin (BTC) traded down 0.6% against the dollar and now trades at $63,742.76 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 0.6% higher against the dollar and now trades at $0.16 or 0.00000252 BTC.
• Bitcoin Cash (BCH) traded down 1.7% against the dollar and now trades at $463.14 or 0.00726579 BTC.
• Litecoin (LTC) traded 1.8% lower against the dollar and now trades at $80.94 or 0.00126986 BTC.
• UNUS SED LEO (LEO) traded 1.5% lower against the dollar and now trades at $5.77 or 0.00009055 BTC.
• Ethereum Classic (ETC) traded down 1% against the dollar and now trades at $26.83 or 0.00042091 BTC.
• Arweave (AR) traded 7.3% higher against the dollar and now trades at $37.47 or 0.00058784 BTC.
• Monero (XMR) traded 2.1% higher against the dollar and now trades at $126.88 or 0.00199051 BTC.
• Bitcoin SV (BSV) traded down 1.5% against the dollar and now trades at $64.47 or 0.00101142 BTC.
• eCash (XEC) traded 4% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Steem Coin Profile

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 461,213,116 coins. The official message board for Steem is steemit.com/@steemitblog. Steem’s official Twitter account is @steemit and its Facebook page is accessible here. The Reddit community for Steem is https://reddit.com/r/steemit and the currency’s Github account can be viewed here. Steem’s official website is steem.com.

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 US dollars. Investors seeking to trade Steem should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Steem using one of the exchanges listed above.

STEEM/USD price chart by TradingView