Steem Price Tops $0.29 on Top Exchanges (STEEM)

Steem (STEEM) traded down 2.9% against the US dollar during the one day period ending at 21:00 PM Eastern on May 6th. One Steem coin can now be purchased for approximately $0.29 or 0.00000454 BTC on popular exchanges. In the last week, Steem has traded up 0.7% against the US dollar. Steem has a market cap of $133.32 million and $8.58 million worth of Steem was traded on exchanges in the last day.

Here is how related cryptocurrencies have performed in the last day:

• Bitcoin (BTC) traded 1.1% lower against the dollar and now trades at $63,613.77 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 3.6% lower against the dollar and now trades at $0.16 or 0.00000247 BTC.
• Bitcoin Cash (BCH) traded 1.6% higher against the dollar and now trades at $478.68 or 0.00752480 BTC.
• Litecoin (LTC) traded 0.6% lower against the dollar and now trades at $81.12 or 0.00127517 BTC.
• UNUS SED LEO (LEO) traded down 0.3% against the dollar and now trades at $5.82 or 0.00009157 BTC.
• Ethereum Classic (ETC) traded 2.3% lower against the dollar and now trades at $27.25 or 0.00042835 BTC.
• Arweave (AR) traded 2.6% higher against the dollar and now trades at $41.07 or 0.00064569 BTC.
• Monero (XMR) traded 2.7% lower against the dollar and now trades at $130.45 or 0.00205064 BTC.
• Bitcoin SV (BSV) traded 0% lower against the dollar and now trades at $65.24 or 0.00102555 BTC.
• eCash (XEC) traded down 2.1% against the dollar and now trades at $0.0000 or 0.00000000 BTC.

About Steem

Steem is a proof-of-work (PoW) coin that uses the PoS hashing algorithm. It launched on March 24th, 2016. Steem’s total supply is 461,314,973 coins. 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. 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 Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, GDAX or Gemini. 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