Steem (STEEM) Trading 25.1% Lower Over Last 7 Days

Steem (STEEM) traded 3.9% lower against the dollar during the twenty-four hour period ending at 21:00 PM ET on April 17th. One Steem coin can now be purchased for approximately $0.24 or 0.00000394 BTC on major cryptocurrency exchanges. In the last week, Steem has traded down 25.1% against the dollar. Steem has a market cap of $111.36 million and $8.97 million worth of Steem was traded on exchanges in the last day.

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

• Bitcoin (BTC) traded 4% lower against the dollar and now trades at $61,428.88 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 6.7% lower against the dollar and now trades at $0.15 or 0.00000239 BTC.
• Bitcoin Cash (BCH) traded down 5.4% against the dollar and now trades at $462.00 or 0.00752771 BTC.
• Litecoin (LTC) traded down 0.5% against the dollar and now trades at $79.83 or 0.00130066 BTC.
• UNUS SED LEO (LEO) traded down 0.6% against the dollar and now trades at $5.85 or 0.00009533 BTC.
• Ethereum Classic (ETC) traded down 3.9% against the dollar and now trades at $25.35 or 0.00041304 BTC.
• Monero (XMR) traded 5.1% lower against the dollar and now trades at $116.46 or 0.00189759 BTC.
• Arweave (AR) traded down 2.6% against the dollar and now trades at $24.46 or 0.00039858 BTC.
• Bitcoin SV (BSV) traded down 3.8% against the dollar and now trades at $64.60 or 0.00105252 BTC.
• eCash (XEC) traded 6.9% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Steem Coin Profile

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 459,988,705 coins. The official message board for Steem is steemit.com/@steemitblog. Steem’s official website is steem.com. The Reddit community for Steem is https://reddit.com/r/steemit and the currency’s Github account can be viewed here. 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 currently possible to purchase alternative cryptocurrencies such as Steem directly using U.S. dollars. Investors seeking to trade Steem should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Steem using one of the aforementioned exchanges.

STEEM/USD price chart by TradingView