Steem (STEEM) Price Tops $0.31 on Exchanges

Steem (STEEM) traded 0.5% lower against the U.S. dollar during the 1-day period ending at 21:00 PM Eastern on April 25th. One Steem coin can now be purchased for about $0.31 or 0.00000476 BTC on cryptocurrency exchanges. Over the last seven days, Steem has traded up 21.4% against the U.S. dollar. Steem has a total market cap of $140.61 million and $26.89 million worth of Steem was traded on exchanges in the last 24 hours.

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

• Bitcoin (BTC) traded down 0.5% against the dollar and now trades at $64,128.02 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 2.1% against the dollar and now trades at $0.15 or 0.00000232 BTC.
• Bitcoin Cash (BCH) traded 2.3% lower against the dollar and now trades at $470.93 or 0.00734367 BTC.
• Litecoin (LTC) traded 0.7% higher against the dollar and now trades at $83.89 or 0.00130817 BTC.
• UNUS SED LEO (LEO) traded 0.8% higher against the dollar and now trades at $5.82 or 0.00009069 BTC.
• Ethereum Classic (ETC) traded down 0.7% against the dollar and now trades at $26.14 or 0.00040770 BTC.
• Arweave (AR) traded 3.3% higher against the dollar and now trades at $34.37 or 0.00053603 BTC.
• Monero (XMR) traded 1.1% higher against the dollar and now trades at $119.70 or 0.00186661 BTC.
• Bitcoin SV (BSV) traded 4.3% lower against the dollar and now trades at $65.60 or 0.00102289 BTC.
• eCash (XEC) traded 1.1% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.

Steem Profile

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 460,590,355 coins. The official website for Steem is steem.com. The official message board for Steem 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 possible to purchase alternative cryptocurrencies such as Steem directly using U.S. dollars. Investors seeking to trade Steem should first purchase 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 purchase Steem using one of the aforementioned exchanges.

STEEM/USD price chart by TradingView