Steem Hits 24 Hour Volume of $5.65 Million (STEEM)

Steem (STEEM) traded 4% lower against the US dollar during the 24-hour period ending at 9:00 AM E.T. on May 8th. One Steem coin can currently be purchased for about $0.28 or 0.00000451 BTC on popular exchanges. Steem has a total market capitalization of $129.12 million and $5.65 million worth of Steem was traded on exchanges in the last day. During the last week, Steem has traded 3.5% higher against the US dollar.

Here is how similar cryptocurrencies have performed during the last day:

• Bitcoin (BTC) traded 2% lower against the dollar and now trades at $61,914.63 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 6.6% lower against the dollar and now trades at $0.15 or 0.00000236 BTC.
• Bitcoin Cash (BCH) traded down 4.9% against the dollar and now trades at $455.96 or 0.00735344 BTC.
• Litecoin (LTC) traded down 1.4% against the dollar and now trades at $80.67 or 0.00130106 BTC.
• UNUS SED LEO (LEO) traded up 1% against the dollar and now trades at $5.89 or 0.00009506 BTC.
• Ethereum Classic (ETC) traded 0.8% lower against the dollar and now trades at $26.95 or 0.00043471 BTC.
• Arweave (AR) traded 5.7% lower against the dollar and now trades at $37.65 or 0.00060718 BTC.
• Monero (XMR) traded down 2.8% against the dollar and now trades at $128.63 or 0.00207456 BTC.
• Bitcoin SV (BSV) traded 1.9% lower against the dollar and now trades at $63.37 or 0.00102202 BTC.
• eCash (XEC) traded down 4.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Steem Profile

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 461,405,912 coins. 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. The official message board for Steem is steemit.com/@steemitblog. 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 possible to purchase alternative cryptocurrencies such as Steem directly using US dollars. Investors seeking to trade Steem should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Gemini or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Steem using one of the exchanges listed above.

STEEM/USD price chart by TradingView