Steem 24 Hour Volume Reaches $118.48 Million (STEEM)

Steem (STEEM) traded down 13.5% against the U.S. dollar during the twenty-four hour period ending at 21:00 PM E.T. on May 30th. One Steem coin can currently be purchased for approximately $0.28 or 0.00000414 BTC on major exchanges. Steem has a total market cap of $131.35 million and $118.48 million worth of Steem was traded on exchanges in the last 24 hours. During the last week, Steem has traded 3.5% higher against the U.S. dollar.

Here is how other cryptocurrencies have performed during the last 24 hours:

  • Bitcoin (BTC) traded 1.3% higher against the dollar and now trades at $68,498.71 or 1.00000000 BTC.
  • Dogecoin (DOGE) traded 2.5% lower against the dollar and now trades at $0.16 or 0.00000234 BTC.
  • Bitcoin Cash (BCH) traded down 0.2% against the dollar and now trades at $465.09 or 0.00678978 BTC.
  • Litecoin (LTC) traded 0.9% higher against the dollar and now trades at $84.32 or 0.00123099 BTC.
  • UNUS SED LEO (LEO) traded 0.1% lower against the dollar and now trades at $5.95 or 0.00008679 BTC.
  • Ethereum Classic (ETC) traded down 1.5% against the dollar and now trades at $29.90 or 0.00043653 BTC.
  • Arweave (AR) traded 8% higher against the dollar and now trades at $42.87 or 0.00062586 BTC.
  • Monero (XMR) traded 4.2% higher against the dollar and now trades at $146.36 or 0.00213664 BTC.
  • Bitcoin SV (BSV) traded up 0.3% against the dollar and now trades at $62.23 or 0.00090849 BTC.
  • eCash (XEC) traded down 1.4% against the dollar and now trades at $0.0000 or 0.00000000 BTC.

About Steem

STEEM is a proof-of-work (PoW) coin that uses the PoS hashing algorithm. It was first traded on March 24th, 2016. Steem’s total supply is 463,013,785 coins. 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 Twitter account is @steemit and its Facebook page is accessible here. The official message board for Steem 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 presently possible to buy alternative cryptocurrencies such as Steem directly using US dollars. Investors seeking to acquire Steem should first buy 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 buy Steem using one of the aforementioned exchanges.

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