Steem Reaches Market Cap of $74.29 Million (STEEM)

Steem (STEEM) traded up 4.9% against the US dollar during the one day period ending at 17:00 PM Eastern on November 5th. One Steem coin can currently be bought for approximately $0.16 or 0.00000225 BTC on exchanges. Steem has a total market capitalization of $74.29 million and $17.59 million worth of Steem was traded on exchanges in the last day. Over the last week, Steem has traded 9.8% lower against the US dollar.

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

• Bitcoin (BTC) traded 3.1% higher against the dollar and now trades at $69,540.51 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 9.3% against the dollar and now trades at $0.17 or 0.00000243 BTC.
• Bitcoin Cash (BCH) traded 4.8% higher against the dollar and now trades at $342.98 or 0.00493208 BTC.
• UNUS SED LEO (LEO) traded 0.1% lower against the dollar and now trades at $6.05 or 0.00008694 BTC.
• Litecoin (LTC) traded up 1.5% against the dollar and now trades at $66.17 or 0.00095156 BTC.
• Monero (XMR) traded 0.3% lower against the dollar and now trades at $158.74 or 0.00228272 BTC.
• Ethereum Classic (ETC) traded 3.8% higher against the dollar and now trades at $18.20 or 0.00026179 BTC.
• Bitcoin SV (BSV) traded 4.6% higher against the dollar and now trades at $47.02 or 0.00067617 BTC.
• Arweave (AR) traded 6.6% higher against the dollar and now trades at $13.65 or 0.00019627 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

About Steem

Steem (CRYPTO: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 475,545,632 coins. 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. The official message board for Steem 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 possible to buy alternative cryptocurrencies such as Steem directly using U.S. dollars. Investors seeking to trade Steem should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Steem using one of the exchanges listed above.

STEEM/USD price chart by TradingView