Steem Market Cap Achieves $120.43 Million (STEEM)

Steem (STEEM) traded up 4.9% against the U.S. dollar during the one day period ending at 0:00 AM ET on April 19th. Steem has a market capitalization of $120.43 million and approximately $5.19 million worth of Steem was traded on exchanges in the last day. Over the last seven days, Steem has traded 9% lower against the U.S. dollar. One Steem coin can currently be bought for approximately $0.26 or 0.00000409 BTC on exchanges.

Here is how other cryptocurrencies have performed over the last day:

• Bitcoin (BTC) traded up 3.5% against the dollar and now trades at $63,960.44 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 6.2% against the dollar and now trades at $0.16 or 0.00000243 BTC.
• Bitcoin Cash (BCH) traded up 2.8% against the dollar and now trades at $476.87 or 0.00745563 BTC.
• Litecoin (LTC) traded up 3.4% against the dollar and now trades at $81.95 or 0.00128121 BTC.
• UNUS SED LEO (LEO) traded down 0.5% against the dollar and now trades at $5.81 or 0.00009088 BTC.
• Ethereum Classic (ETC) traded 4.4% higher against the dollar and now trades at $26.25 or 0.00041038 BTC.
• Monero (XMR) traded up 2.6% against the dollar and now trades at $117.28 or 0.00183371 BTC.
• Arweave (AR) traded 17.9% higher against the dollar and now trades at $28.17 or 0.00044049 BTC.
• Bitcoin SV (BSV) traded up 3.1% against the dollar and now trades at $65.89 or 0.00103020 BTC.
• eCash (XEC) traded 4.6% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.

About Steem

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 460,157,124 coins. The official message board for Steem is steemit.com/@steemitblog. Steem’s official website 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 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 US dollars. Investors seeking to acquire Steem should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, GDAX or Coinbase. 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