Steem (STEEM) Price Down 10.5% This Week

Steem (STEEM) traded up 0% against the U.S. dollar during the 24-hour period ending at 23:00 PM Eastern on June 22nd. One Steem coin can now be purchased for $0.20 or 0.00000312 BTC on popular exchanges. During the last seven days, Steem has traded down 10.5% against the U.S. dollar. Steem has a market cap of $93.45 million and $1.69 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 up 0.3% against the dollar and now trades at $64,452.42 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 0.1% higher against the dollar and now trades at $0.12 or 0.00000193 BTC.
• Bitcoin Cash (BCH) traded up 2.6% against the dollar and now trades at $394.24 or 0.00611677 BTC.
• Litecoin (LTC) traded 1.1% higher against the dollar and now trades at $74.76 or 0.00115986 BTC.
• UNUS SED LEO (LEO) traded 0.6% higher against the dollar and now trades at $5.76 or 0.00008941 BTC.
• Ethereum Classic (ETC) traded down 0.6% against the dollar and now trades at $23.43 or 0.00036348 BTC.
• Monero (XMR) traded up 2.2% against the dollar and now trades at $167.41 or 0.00259735 BTC.
• Arweave (AR) traded 0.8% lower against the dollar and now trades at $27.57 or 0.00042781 BTC.
• Bitcoin SV (BSV) traded up 5.5% against the dollar and now trades at $46.11 or 0.00071543 BTC.
• NyanCoin (NYAN) traded down 2.2% 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 launched on March 24th, 2016. Steem’s total supply is 464,781,281 coins. Steem’s official message board is steemit.com/@steemitblog. 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. The official website for Steem is steem.com.

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 possible to buy alternative cryptocurrencies such as Steem directly using US dollars. Investors seeking to acquire Steem should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Gemini or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Steem using one of the exchanges listed above.

STEEM/USD price chart by TradingView