Steem (STEEM) 24-Hour Volume Tops $15.52 Million

Steem (STEEM) traded 5.3% lower against the dollar during the twenty-four hour period ending at 14:00 PM E.T. on October 31st. Steem has a market cap of $78.48 million and approximately $15.52 million worth of Steem was traded on exchanges in the last day. During the last week, Steem has traded 5.1% lower against the dollar. One Steem coin can currently be purchased for approximately $0.17 or 0.00000234 BTC on popular exchanges.

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

• Bitcoin (BTC) traded 1.9% lower against the dollar and now trades at $70,699.13 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 0.6% lower against the dollar and now trades at $0.17 or 0.00000235 BTC.
• Bitcoin Cash (BCH) traded down 2.8% against the dollar and now trades at $360.21 or 0.00509352 BTC.
• UNUS SED LEO (LEO) traded down 0% against the dollar and now trades at $6.05 or 0.00008560 BTC.
• Litecoin (LTC) traded 3.4% lower against the dollar and now trades at $69.49 or 0.00098262 BTC.
• Monero (XMR) traded down 3.3% against the dollar and now trades at $157.31 or 0.00222443 BTC.
• Ethereum Classic (ETC) traded 4.5% lower against the dollar and now trades at $18.64 or 0.00026363 BTC.
• Arweave (AR) traded 5.8% lower against the dollar and now trades at $15.62 or 0.00022090 BTC.
• Bitcoin SV (BSV) traded up 2.1% against the dollar and now trades at $51.61 or 0.00072972 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

Steem Profile

Steem is a proof-of-work (PoW) coin that uses the PoS hashing algorithm. Its genesis date was March 24th, 2016. Steem’s total supply is 475,134,833 coins. Steem’s official Twitter account is @steemit and its Facebook page is accessible here. The official website for Steem is steem.com. Steem’s official message board is steemit.com/@steemitblog. 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.”

Buying and Selling Steem

It is usually not currently 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 Changelly, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Steem using one of the exchanges listed above.

STEEM/USD price chart by TradingView