Steem Market Capitalization Achieves $82.09 Million (STEEM)

Steem (STEEM) traded up 9.9% against the dollar during the 1 day period ending at 18:00 PM ET on November 6th. In the last week, Steem has traded down 1.1% against the dollar. Steem has a market capitalization of $82.09 million and approximately $28.19 million worth of Steem was traded on exchanges in the last 24 hours. One Steem coin can now be bought for $0.17 or 0.00000228 BTC on exchanges.

Here’s how other cryptocurrencies have performed in the last 24 hours:

• Bitcoin (BTC) traded 9% higher against the dollar and now trades at $75,680.79 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 15.6% higher against the dollar and now trades at $0.20 or 0.00000262 BTC.
• Bitcoin Cash (BCH) traded up 10.3% against the dollar and now trades at $379.47 or 0.00501410 BTC.
• UNUS SED LEO (LEO) traded 0.6% higher against the dollar and now trades at $6.08 or 0.00008035 BTC.
• Litecoin (LTC) traded up 7.9% against the dollar and now trades at $71.41 or 0.00094363 BTC.
• Monero (XMR) traded 1.6% higher against the dollar and now trades at $161.40 or 0.00213264 BTC.
• Ethereum Classic (ETC) traded 7.6% higher against the dollar and now trades at $19.65 or 0.00025970 BTC.
• Arweave (AR) traded 16.9% higher against the dollar and now trades at $16.06 or 0.00021218 BTC.
• Bitcoin SV (BSV) traded up 9.7% against the dollar and now trades at $51.58 or 0.00068149 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

Steem Coin Profile

Steem (CRYPTO:STEEM) is a proof-of-work (PoW) coin that uses the PoS hashing algorithm. It launched on March 24th, 2016. Steem’s total supply is 475,629,760 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 possible to purchase alternative cryptocurrencies such as Steem directly using US dollars. Investors seeking to acquire Steem should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Steem using one of the aforementioned exchanges.

STEEM/USD price chart by TradingView