Steem (STEEM) Price Tops $0.28 on Top Exchanges

Steem (STEEM) traded down 0.8% against the U.S. dollar during the twenty-four hour period ending at 20:00 PM ET on May 7th. During the last week, Steem has traded down 7.3% against the U.S. dollar. One Steem coin can currently be purchased for $0.28 or 0.00000456 BTC on popular exchanges. Steem has a total market cap of $131.45 million and $10.39 million worth of Steem was traded on exchanges in the last day.

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

• Bitcoin (BTC) traded 1.1% lower against the dollar and now trades at $62,453.14 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 3.5% lower against the dollar and now trades at $0.15 or 0.00000241 BTC.
• Bitcoin Cash (BCH) traded 0.2% lower against the dollar and now trades at $469.61 or 0.00750836 BTC.
• Litecoin (LTC) traded 0.2% higher against the dollar and now trades at $80.82 or 0.00129219 BTC.
• UNUS SED LEO (LEO) traded 0.7% higher against the dollar and now trades at $5.85 or 0.00009354 BTC.
• Ethereum Classic (ETC) traded up 0.6% against the dollar and now trades at $27.16 or 0.00043421 BTC.
• Arweave (AR) traded 4.2% lower against the dollar and now trades at $38.35 or 0.00061320 BTC.
• Monero (XMR) traded down 1.7% against the dollar and now trades at $128.08 or 0.00204782 BTC.
• Bitcoin SV (BSV) traded 0.1% lower against the dollar and now trades at $63.39 or 0.00101358 BTC.
• eCash (XEC) traded 0% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.

About Steem

Steem (CRYPTO: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 461,371,789 coins. The official message board for Steem 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. The official website for Steem 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 presently possible to purchase alternative cryptocurrencies such as Steem directly using US dollars. Investors seeking to acquire Steem should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Gemini or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Steem using one of the exchanges listed above.

STEEM/USD price chart by TradingView