Steem (STEEM) Achieves Market Capitalization of $76.17 Million

Steem (STEEM) traded down 4.8% against the U.S. dollar during the 1 day period ending at 21:00 PM Eastern on August 3rd. During the last week, Steem has traded 20.5% lower against the U.S. dollar. Steem has a market cap of $76.17 million and approximately $16.46 million worth of Steem was traded on exchanges in the last 24 hours. One Steem coin can now be purchased for approximately $0.16 or 0.00000270 BTC on major exchanges.

Here’s how similar cryptocurrencies have performed during the last 24 hours:

• Bitcoin (BTC) traded down 0.7% against the dollar and now trades at $60,395.70 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 2.6% against the dollar and now trades at $0.11 or 0.00000178 BTC.
• Bitcoin Cash (BCH) traded 3.6% lower against the dollar and now trades at $362.25 or 0.00600326 BTC.
• UNUS SED LEO (LEO) traded 0.2% lower against the dollar and now trades at $5.67 or 0.00009389 BTC.
• Litecoin (LTC) traded 0.1% lower against the dollar and now trades at $64.29 or 0.00106542 BTC.
• Ethereum Classic (ETC) traded down 2.6% against the dollar and now trades at $19.52 or 0.00032355 BTC.
• Monero (XMR) traded down 3.4% against the dollar and now trades at $150.24 or 0.00248981 BTC.
• Arweave (AR) traded down 7.2% against the dollar and now trades at $22.72 or 0.00037645 BTC.
• Bitcoin SV (BSV) traded 0.8% lower against the dollar and now trades at $42.49 or 0.00070424 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 genesis date was March 24th, 2016. Steem’s total supply is 468,098,181 coins. The official website for Steem is steem.com. Steem’s official message board is steemit.com/@steemitblog. Steem’s official Twitter account is @steemit and its Facebook page is accessible here. 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.”

Steem Coin Trading

It is usually not presently possible to buy alternative cryptocurrencies such as Steem directly using US dollars. Investors seeking to trade Steem should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Steem using one of the aforementioned exchanges.

STEEM/USD price chart by TradingView