Steem (STEEM) 24-Hour Trading Volume Tops $38.85 Million

Steem (STEEM) traded up 1.2% against the US dollar during the 24 hour period ending at 9:00 AM ET on December 8th. During the last seven days, Steem has traded up 11.6% against the US dollar. One Steem coin can now be purchased for $0.30 or 0.00000302 BTC on major exchanges. Steem has a total market capitalization of $144.72 million and $38.85 million worth of Steem was traded on exchanges in the last 24 hours.

Here is how similar cryptocurrencies have performed during the last 24 hours:

• Bitcoin (BTC) traded 0.7% higher against the dollar and now trades at $100,207.83 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 3.5% against the dollar and now trades at $0.46 or 0.00000461 BTC.
• Bitcoin Cash (BCH) traded 0.8% higher against the dollar and now trades at $619.40 or 0.00618116 BTC.
• Litecoin (LTC) traded 1.6% lower against the dollar and now trades at $134.19 or 0.00133909 BTC.
• UNUS SED LEO (LEO) traded 1.3% lower against the dollar and now trades at $9.23 or 0.00009211 BTC.
• Ethereum Classic (ETC) traded down 1.3% against the dollar and now trades at $36.88 or 0.00036806 BTC.
• Monero (XMR) traded down 0.7% against the dollar and now trades at $200.96 or 0.00200545 BTC.
• Arweave (AR) traded down 4.8% against the dollar and now trades at $26.65 or 0.00026593 BTC.
• IOTA (MIOTA) traded down 2.1% against the dollar and now trades at $0.47 or 0.00000470 BTC.
• Bitcoin SV (BSV) traded 0.7% lower against the dollar and now trades at $79.14 or 0.00078980 BTC.

Steem Coin Profile

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 478,070,639 coins. 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. Steem’s official message board is steemit.com/@steemitblog.

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 buy alternative cryptocurrencies such as Steem directly using U.S. dollars. Investors seeking to trade Steem should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Steem using one of the aforementioned exchanges.

STEEM/USD price chart by TradingView