Steem (STEEM) Price Tops $0.0435 on Exchanges

Steem (STEEM) traded 0.6% higher against the U.S. dollar during the 1-day period ending at 8:00 AM ET on September 1st. In the last week, Steem has traded 1.9% lower against the U.S. dollar. Steem has a market capitalization of $22.72 million and $3.08 million worth of Steem was traded on exchanges in the last 24 hours. One Steem coin can now be purchased for $0.0435 or 0.00000056 BTC on exchanges.

Here is how related cryptocurrencies have performed in the last 24 hours:

• Arweave (AR) traded up 4.3% against the dollar and now trades at $2.18 or 0.00002800 BTC.
• Bitcoin (BTC) traded 0.6% lower against the dollar and now trades at $77,990.42 or 1.00000000 BTC.
• Zcash (ZEC) traded 1.9% higher against the dollar and now trades at $857.57 or 0.01099581 BTC.
• Dogecoin (DOGE) traded 0.5% higher against the dollar and now trades at $0.0831 or 0.00000107 BTC.
• Monero (XMR) traded 2.7% lower against the dollar and now trades at $525.08 or 0.00673262 BTC.
• UNUS SED LEO (LEO) traded 1.9% lower against the dollar and now trades at $9.44 or 0.00012103 BTC.
• Bitcoin Cash (BCH) traded 0.8% higher against the dollar and now trades at $248.87 or 0.00319103 BTC.
• Litecoin (LTC) traded up 1.4% against the dollar and now trades at $49.07 or 0.00062915 BTC.
• Ethereum Classic (ETC) traded 0.8% higher against the dollar and now trades at $7.32 or 0.00009385 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

Steem Profile

Steem (CRYPTO: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 556,928,536 coins and its circulating supply is 522,267,379 coins. The official message board for Steem is steemit.com/@steemitblog. The official website for Steem 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 is a blockchain platform designed to reward content creation and curation with cryptocurrency, launched in 2016 by Ned Scott and Dan Larimer. It uses a Delegated Proof of Stake (DPoS) consensus mechanism, ensuring fast, fee-free transactions and decentralised governance. The platform’s three-token system includes STEEM, the native token used for rewards and liquidity; Steem Power (SP), a vested token for staking and governance; and Steem Dollars (SBD), a stablecoin intended to be pegged to the US dollar but often subject to volatility. STEEM is primarily used to reward users for posting and curating content, peer-to-peer transfers, and staking for governance. SP increases voting influence, while SBD offers a more stable, though fluctuating, form of payment. Steem’s core application is Steemit, a decentralised social media platform where users earn rewards directly from blockchain protocol incentives.”

Steem Coin Trading

It is usually not currently possible to buy alternative cryptocurrencies such as Steem directly using U.S. dollars. Investors seeking to acquire Steem should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Changelly. 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