Steem (STEEM) Price Hits $0.15 on Exchanges

Steem (STEEM) traded 3.8% higher against the U.S. dollar during the 24 hour period ending at 10:00 AM Eastern on February 26th. Steem has a total market capitalization of $76.01 million and $24.86 million worth of Steem was traded on exchanges in the last day. One Steem coin can currently be purchased for approximately $0.15 or 0.00000174 BTC on major exchanges. Over the last week, Steem has traded 11.4% lower against the U.S. dollar.

Here’s how related cryptocurrencies have performed over the last day:

• Bitcoin (BTC) traded up 0.9% against the dollar and now trades at $87,432.49 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 2.7% against the dollar and now trades at $0.21 or 0.00000237 BTC.
• Litecoin (LTC) traded 15.5% higher against the dollar and now trades at $126.64 or 0.00144845 BTC.
• UNUS SED LEO (LEO) traded 4.1% higher against the dollar and now trades at $9.24 or 0.00010569 BTC.
• Bitcoin Cash (BCH) traded up 5.4% against the dollar and now trades at $294.55 or 0.00336887 BTC.
• Monero (XMR) traded 0.6% lower against the dollar and now trades at $217.54 or 0.00248806 BTC.
• Ethereum Classic (ETC) traded 4.2% higher against the dollar and now trades at $18.86 or 0.00021569 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• IOTA (MIOTA) traded up 8.6% against the dollar and now trades at $0.20 or 0.00000234 BTC.
• Bitcoin SV (BSV) traded 5.2% higher against the dollar and now trades at $35.16 or 0.00040209 BTC.

Steem Coin Profile

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 498,812,793 coins. The Reddit community for Steem is https://reddit.com/r/steemit and the currency’s Github account can be viewed here. 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.

According to CryptoCompare, “Steem is a blockchain platform designed to reward content creation and curation with cryptocurrency, launched in 2016 by Ned Scott and Dan Larimer. It uses a Delegated Proof of Stake (DPoS) consensus mechanism, ensuring fast, fee-free transactions and decentralised governance. The platform’s three-token system includes STEEM, the native token used for rewards and liquidity; Steem Power (SP), a vested token for staking and governance; and Steem Dollars (SBD), a stablecoin intended to be pegged to the US dollar but often subject to volatility. STEEM is primarily used to reward users for posting and curating content, peer-to-peer transfers, and staking for governance. SP increases voting influence, while SBD offers a more stable, though fluctuating, form of payment. Steem’s core application is Steemit, a decentralised social media platform where users earn rewards directly from blockchain protocol incentives.”

Steem Coin Trading

It is usually not presently 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 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