Steem Reaches 1-Day Volume of $17.66 Million (STEEM)

Steem (STEEM) traded 1.9% lower against the US dollar during the 24-hour period ending at 10:00 AM Eastern on November 1st. During the last week, Steem has traded down 4.6% against the US dollar. Steem has a market cap of $78.26 million and approximately $17.66 million worth of Steem was traded on exchanges in the last 24 hours. One Steem coin can now be purchased for approximately $0.16 or 0.00000234 BTC on exchanges.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• Bitcoin (BTC) traded 0.9% higher against the dollar and now trades at $70,476.19 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 3.6% against the dollar and now trades at $0.16 or 0.00000231 BTC.
• Bitcoin Cash (BCH) traded 5.4% lower against the dollar and now trades at $353.12 or 0.00501047 BTC.
• UNUS SED LEO (LEO) traded down 0% against the dollar and now trades at $6.05 or 0.00008589 BTC.
• Litecoin (LTC) traded down 1.7% against the dollar and now trades at $70.14 or 0.00099529 BTC.
• Monero (XMR) traded 1.4% lower against the dollar and now trades at $156.92 or 0.00222654 BTC.
• Ethereum Classic (ETC) traded 3.2% lower against the dollar and now trades at $18.59 or 0.00026380 BTC.
• Arweave (AR) traded down 2.5% against the dollar and now trades at $15.65 or 0.00022208 BTC.
• Bitcoin SV (BSV) traded down 3.6% against the dollar and now trades at $50.65 or 0.00071871 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

Steem Coin Profile

Steem (CRYPTO:STEEM) is a proof-of-work (PoW) coin that uses the PoS hashing algorithm. Its launch date was March 24th, 2016. Steem’s total supply is 475,201,206 coins. Steem’s official message board 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. Steem’s official website is steem.com. 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.”

Buying and Selling Steem

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 Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Steem using one of the exchanges listed above.

STEEM/USD price chart by TradingView