Steem Price Reaches $0.29 (STEEM)

Steem (STEEM) traded down 5.1% against the dollar during the 1 day period ending at 21:00 PM ET on April 26th. Steem has a total market capitalization of $132.66 million and $8.05 million worth of Steem was traded on exchanges in the last day. One Steem coin can currently be bought for $0.29 or 0.00000459 BTC on cryptocurrency exchanges. Over the last week, Steem has traded 11.2% higher against the dollar.

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

• Bitcoin (BTC) traded 2.7% lower against the dollar and now trades at $62,696.23 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 2.9% against the dollar and now trades at $0.14 or 0.00000231 BTC.
• Bitcoin Cash (BCH) traded 0.4% higher against the dollar and now trades at $472.33 or 0.00753366 BTC.
• Litecoin (LTC) traded 3.5% higher against the dollar and now trades at $86.45 or 0.00137894 BTC.
• UNUS SED LEO (LEO) traded down 0.2% against the dollar and now trades at $5.82 or 0.00009275 BTC.
• Ethereum Classic (ETC) traded 2.7% higher against the dollar and now trades at $26.85 or 0.00042833 BTC.
• Monero (XMR) traded down 0.4% against the dollar and now trades at $119.68 or 0.00190882 BTC.
• Arweave (AR) traded 13% lower against the dollar and now trades at $29.94 or 0.00047757 BTC.
• Bitcoin SV (BSV) traded 1.3% higher against the dollar and now trades at $65.62 or 0.00104665 BTC.
• eCash (XEC) traded down 3.3% against the dollar and now trades at $0.0001 or 0.00000000 BTC.

Steem Coin Profile

Steem is a proof-of-work (PoW) coin that uses the PoS hashing algorithm. It was first traded on March 24th, 2016. Steem’s total supply is 460,653,864 coins. The Reddit community for Steem is https://reddit.com/r/steemit and the currency’s Github account can be viewed here. The official website for Steem is steem.com. Steem’s official Twitter account is @steemit and its Facebook page is accessible here. Steem’s official message board is steemit.com/@steemitblog.

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 purchase alternative cryptocurrencies such as Steem directly using US dollars. Investors seeking to acquire Steem should first purchase Bitcoin or Ethereum using an exchange that deals in US 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