Steem Reaches 1-Day Volume of $17.66 Million (STEEM)

Steem (STEEM) traded 1.9% lower against the dollar during the 1-day period ending at 10:00 AM ET on November 1st. Steem has a market capitalization of $78.26 million and $17.66 million worth of Steem was traded on exchanges in the last day. One Steem coin can now be purchased for about $0.16 or 0.00000234 BTC on major cryptocurrency exchanges. In the last seven days, Steem has traded 4.6% lower against the dollar.

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

• Bitcoin (BTC) traded up 0.9% against the dollar and now trades at $70,476.19 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 3.6% lower against the dollar and now trades at $0.16 or 0.00000231 BTC.
• Bitcoin Cash (BCH) traded down 5.4% against the dollar and now trades at $353.12 or 0.00501047 BTC.
• UNUS SED LEO (LEO) traded 0% lower against the dollar and now trades at $6.05 or 0.00008589 BTC.
• Litecoin (LTC) traded down 1.7% against the dollar and now trades at $70.14 or 0.00099529 BTC.
• Monero (XMR) traded 1.4% lower against the dollar and now trades at $156.92 or 0.00222654 BTC.
• Ethereum Classic (ETC) traded down 3.2% against the dollar and now trades at $18.59 or 0.00026380 BTC.
• Arweave (AR) traded 2.5% lower against the dollar and now trades at $15.65 or 0.00022208 BTC.
• Bitcoin SV (BSV) traded down 3.6% against the dollar and now trades at $50.65 or 0.00071871 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

Steem Coin 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 475,201,206 coins. Steem’s official Twitter account is @steemit and its Facebook page is accessible here. The official website for Steem is steem.com. The official message board for Steem 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 buy alternative cryptocurrencies such as Steem directly using U.S. dollars. Investors seeking to trade Steem should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Steem using one of the exchanges listed above.

STEEM/USD price chart by TradingView