Steem (STEEM) Price Hits $0.19 on Major Exchanges

Steem (STEEM) traded 3.3% higher against the U.S. dollar during the one day period ending at 0:00 AM Eastern on October 20th. One Steem coin can currently be purchased for $0.19 or 0.00000271 BTC on popular exchanges. Steem has a total market cap of $88.67 million and approximately $10.90 million worth of Steem was traded on exchanges in the last day. During the last week, Steem has traded 3.3% higher against the U.S. dollar.

Here’s how other cryptocurrencies have performed during the last day:

• Bitcoin (BTC) traded 1% higher against the dollar and now trades at $68,867.64 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 2.9% against the dollar and now trades at $0.15 or 0.00000211 BTC.
• Bitcoin Cash (BCH) traded 3.7% higher against the dollar and now trades at $373.20 or 0.00541915 BTC.
• UNUS SED LEO (LEO) traded up 0% against the dollar and now trades at $6.10 or 0.00008861 BTC.
• Litecoin (LTC) traded down 1.9% against the dollar and now trades at $73.60 or 0.00106877 BTC.
• Monero (XMR) traded up 1.4% against the dollar and now trades at $161.61 or 0.00234674 BTC.
• Ethereum Classic (ETC) traded 1.2% higher against the dollar and now trades at $19.92 or 0.00028932 BTC.
• Arweave (AR) traded 2.9% higher against the dollar and now trades at $19.34 or 0.00028084 BTC.
• Bitcoin SV (BSV) traded up 1.5% against the dollar and now trades at $50.77 or 0.00073719 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

About Steem

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 474,296,920 coins. 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. Steem’s official website is steem.com. 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 U.S. dollars. Investors seeking to acquire Steem should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Steem using one of the exchanges listed above.

STEEM/USD price chart by TradingView