Steem (STEEM) Price Down 20.1% Over Last 7 Days

Steem (STEEM) traded down 7.4% against the dollar during the 24-hour period ending at 12:00 PM ET on June 18th. One Steem coin can currently be purchased for approximately $0.18 or 0.00000286 BTC on popular cryptocurrency exchanges. Steem has a market cap of $85.71 million and $5.67 million worth of Steem was traded on exchanges in the last 24 hours. During the last seven days, Steem has traded 20.1% lower against the dollar.

Here’s how related cryptocurrencies have performed during the last 24 hours:

  • Bitcoin (BTC) traded down 1.4% against the dollar and now trades at $64,509.76 or 1.00000000 BTC.
  • Dogecoin (DOGE) traded 7.7% lower against the dollar and now trades at $0.12 or 0.00000185 BTC.
  • Bitcoin Cash (BCH) traded 7.9% lower against the dollar and now trades at $381.87 or 0.00591269 BTC.
  • Litecoin (LTC) traded 5.9% lower against the dollar and now trades at $71.88 or 0.00111302 BTC.
  • UNUS SED LEO (LEO) traded 0% higher against the dollar and now trades at $5.67 or 0.00008782 BTC.
  • Ethereum Classic (ETC) traded 4.8% lower against the dollar and now trades at $22.87 or 0.00035407 BTC.
  • Monero (XMR) traded down 4.3% against the dollar and now trades at $167.65 or 0.00259583 BTC.
  • Arweave (AR) traded 5.4% lower against the dollar and now trades at $25.06 or 0.00038795 BTC.
  • Bitcoin SV (BSV) traded 11.6% lower against the dollar and now trades at $42.29 or 0.00065482 BTC.
  • NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

About 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 464,427,789 coins. 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 message board is steemit.com/@steemitblog. 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.”

Buying and Selling Steem

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

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