Steem (STEEM) Trading 3.1% Lower Over Last Week

Steem (STEEM) traded 2% lower against the U.S. dollar during the 1-day period ending at 13:00 PM ET on October 22nd. One Steem coin can now be bought for approximately $0.18 or 0.00000266 BTC on major exchanges. During the last week, Steem has traded down 3.1% against the U.S. dollar. Steem has a market cap of $84.88 million and $17.13 million worth of Steem was traded on exchanges in the last day.

Here’s how related cryptocurrencies have performed during the last day:

• Bitcoin (BTC) traded 0.2% lower against the dollar and now trades at $67,324.25 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 2% against the dollar and now trades at $0.14 or 0.00000205 BTC.
• Bitcoin Cash (BCH) traded down 1.7% against the dollar and now trades at $357.05 or 0.00530630 BTC.
• UNUS SED LEO (LEO) traded 3.6% lower against the dollar and now trades at $5.85 or 0.00008700 BTC.
• Litecoin (LTC) traded 1.8% lower against the dollar and now trades at $69.68 or 0.00103556 BTC.
• Monero (XMR) traded up 1.6% against the dollar and now trades at $157.36 or 0.00233857 BTC.
• Ethereum Classic (ETC) traded down 2.9% against the dollar and now trades at $18.97 or 0.00028186 BTC.
• Arweave (AR) traded 1.1% lower against the dollar and now trades at $18.35 or 0.00027274 BTC.
• Bitcoin SV (BSV) traded down 2% against the dollar and now trades at $48.00 or 0.00071334 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. It was first traded on March 24th, 2016. Steem’s total supply is 474,419,241 coins. The official website for Steem is steem.com. Steem’s official Twitter account is @steemit and its Facebook page is accessible here. The official message board for Steem is steemit.com/@steemitblog. 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.”

Buying and Selling Steem

It is usually not presently possible to purchase alternative cryptocurrencies such as Steem directly using US dollars. Investors seeking to acquire Steem should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Steem using one of the aforementioned exchanges.

STEEM/USD price chart by TradingView