Steem Price Reaches $0.18 on Exchanges (STEEM)

Steem (STEEM) traded up 0.7% against the US dollar during the 24-hour period ending at 13:00 PM E.T. on October 30th. During the last seven days, Steem has traded 1.6% higher against the US dollar. One Steem coin can currently be bought for approximately $0.18 or 0.00000243 BTC on major cryptocurrency exchanges. Steem has a market cap of $83.19 million and approximately $20.03 million worth of Steem was traded on exchanges in the last 24 hours.

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

• Bitcoin (BTC) traded down 1.1% against the dollar and now trades at $72,167.12 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 6.7% against the dollar and now trades at $0.17 or 0.00000232 BTC.
• Bitcoin Cash (BCH) traded down 3.6% against the dollar and now trades at $372.22 or 0.00515782 BTC.
• UNUS SED LEO (LEO) traded down 0.1% against the dollar and now trades at $6.05 or 0.00008387 BTC.
• Litecoin (LTC) traded 1.8% lower against the dollar and now trades at $72.29 or 0.00100174 BTC.
• Monero (XMR) traded 1.1% lower against the dollar and now trades at $162.86 or 0.00225671 BTC.
• Ethereum Classic (ETC) traded up 1.2% against the dollar and now trades at $19.67 or 0.00027255 BTC.
• Arweave (AR) traded down 3% against the dollar and now trades at $16.63 or 0.00023048 BTC.
• Bitcoin SV (BSV) traded 3.9% lower against the dollar and now trades at $50.72 or 0.00070285 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

Steem Coin Profile

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 475,048,705 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. 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.”

Steem Coin Trading

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

STEEM/USD price chart by TradingView