Steem (STEEM) Price Down 21.9% This Week

Steem (STEEM) traded down 0.5% against the U.S. dollar during the one day period ending at 22:00 PM E.T. on April 16th. Over the last seven days, Steem has traded 21.9% lower against the U.S. dollar. Steem has a market capitalization of $114.90 million and $10.77 million worth of Steem was traded on exchanges in the last 24 hours. One Steem coin can now be bought for $0.25 or 0.00000390 BTC on popular cryptocurrency exchanges.

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

• Bitcoin (BTC) traded 1.1% higher against the dollar and now trades at $64,004.50 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 1.9% against the dollar and now trades at $0.16 or 0.00000244 BTC.
• Bitcoin Cash (BCH) traded 3.9% lower against the dollar and now trades at $484.39 or 0.00756806 BTC.
• Litecoin (LTC) traded 3.1% higher against the dollar and now trades at $79.97 or 0.00124940 BTC.
• UNUS SED LEO (LEO) traded down 0.9% against the dollar and now trades at $5.86 or 0.00009156 BTC.
• Ethereum Classic (ETC) traded down 0.6% against the dollar and now trades at $26.27 or 0.00041043 BTC.
• Monero (XMR) traded 0.4% higher against the dollar and now trades at $122.31 or 0.00191100 BTC.
• Arweave (AR) traded 4.9% lower against the dollar and now trades at $24.48 or 0.00038249 BTC.
• Bitcoin SV (BSV) traded 0.4% higher against the dollar and now trades at $66.82 or 0.00104400 BTC.
• eCash (XEC) traded 0.4% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.

About Steem

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 459,919,154 coins. Steem’s official website is steem.com. 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.

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.”

Steem Coin Trading

It is usually not currently possible to buy alternative cryptocurrencies such as Steem directly using US dollars. Investors seeking to trade Steem should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, GDAX or Gemini. 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