Steem (STEEM) Price Reaches $0.17 on Major Exchanges

Steem (STEEM) traded 5.6% higher against the US dollar during the 24 hour period ending at 12:00 PM Eastern on October 29th. Steem has a market capitalization of $82.02 million and $18.76 million worth of Steem was traded on exchanges in the last 24 hours. During the last seven days, Steem has traded 3.9% lower against the US dollar. One Steem coin can currently be bought for approximately $0.17 or 0.00000238 BTC on major exchanges.

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

• Bitcoin (BTC) traded up 5.7% against the dollar and now trades at $72,400.13 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 16.7% against the dollar and now trades at $0.17 or 0.00000238 BTC.
• Bitcoin Cash (BCH) traded up 7.3% against the dollar and now trades at $386.97 or 0.00534270 BTC.
• UNUS SED LEO (LEO) traded up 0.1% against the dollar and now trades at $6.06 or 0.00008365 BTC.
• Litecoin (LTC) traded up 4.8% against the dollar and now trades at $73.21 or 0.00101070 BTC.
• Monero (XMR) traded 2.6% higher against the dollar and now trades at $165.32 or 0.00228253 BTC.
• Ethereum Classic (ETC) traded up 4.8% against the dollar and now trades at $19.32 or 0.00026680 BTC.
• Arweave (AR) traded up 8.4% against the dollar and now trades at $16.79 or 0.00023176 BTC.
• Bitcoin SV (BSV) traded up 4.6% against the dollar and now trades at $52.24 or 0.00072120 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

Steem Profile

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 474,969,074 coins. 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 message board is steemit.com/@steemitblog. 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 presently possible to buy alternative cryptocurrencies such as Steem directly using US dollars. Investors seeking to acquire Steem should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Gemini 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