Steem (STEEM) Price Down 3.3% Over Last 7 Days

Steem (STEEM) traded 1.6% higher against the US dollar during the 24-hour period ending at 14:00 PM Eastern on September 7th. During the last week, Steem has traded 3.3% lower against the US dollar. Steem has a market capitalization of $73.36 million and approximately $14.24 million worth of Steem was traded on exchanges in the last day. One Steem coin can now be purchased for about $0.16 or 0.00000287 BTC on cryptocurrency exchanges.

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

• Bitcoin (BTC) traded 1.2% higher against the dollar and now trades at $54,237.95 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 3.6% against the dollar and now trades at $0.0950 or 0.00000175 BTC.
• Bitcoin Cash (BCH) traded 0.8% higher against the dollar and now trades at $300.44 or 0.00553937 BTC.
• UNUS SED LEO (LEO) traded down 2% against the dollar and now trades at $5.40 or 0.00009952 BTC.
• Litecoin (LTC) traded 1.3% lower against the dollar and now trades at $62.67 or 0.00115549 BTC.
• Monero (XMR) traded 0.7% lower against the dollar and now trades at $168.65 or 0.00310945 BTC.
• Ethereum Classic (ETC) traded up 0.8% against the dollar and now trades at $17.57 or 0.00032387 BTC.
• Arweave (AR) traded 1.1% lower against the dollar and now trades at $20.30 or 0.00037435 BTC.
• Bitcoin SV (BSV) traded 0.1% higher against the dollar and now trades at $44.42 or 0.00081901 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

Steem Profile

Steem (STEEM) is a proof-of-work (PoW) coin that uses the PoS hashing algorithm. It launched on March 24th, 2016. Steem’s total supply is 470,851,408 coins. 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. Steem’s official website is steem.com. Steem’s official Twitter account is @steemit and its Facebook page is accessible 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 possible to purchase alternative cryptocurrencies such as Steem directly using US dollars. Investors seeking to acquire Steem should first purchase 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 purchase Steem using one of the aforementioned exchanges.

STEEM/USD price chart by TradingView