Steem Achieves Market Capitalization of $82.65 Million (STEEM)

Steem (STEEM) traded 2.5% higher against the dollar during the 24-hour period ending at 14:00 PM Eastern on October 24th. Steem has a market capitalization of $82.65 million and approximately $18.46 million worth of Steem was traded on exchanges in the last 24 hours. Over the last week, Steem has traded 0.6% lower against the dollar. One Steem coin can currently be purchased for about $0.17 or 0.00000257 BTC on popular exchanges.

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

• Bitcoin (BTC) traded up 2.9% against the dollar and now trades at $67,717.79 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 5.1% higher against the dollar and now trades at $0.14 or 0.00000207 BTC.
• Bitcoin Cash (BCH) traded up 5.9% against the dollar and now trades at $359.75 or 0.00531265 BTC.
• UNUS SED LEO (LEO) traded 0.8% higher against the dollar and now trades at $6.12 or 0.00009032 BTC.
• Litecoin (LTC) traded up 4.5% against the dollar and now trades at $71.12 or 0.00105030 BTC.
• Monero (XMR) traded up 0.4% against the dollar and now trades at $155.80 or 0.00230087 BTC.
• Ethereum Classic (ETC) traded 3.1% higher against the dollar and now trades at $18.80 or 0.00027761 BTC.
• Arweave (AR) traded up 4.9% against the dollar and now trades at $18.20 or 0.00026882 BTC.
• Bitcoin SV (BSV) traded up 4.1% against the dollar and now trades at $47.83 or 0.00070634 BTC.
• NyanCoin (NYAN) traded 2.2% lower 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. Its launch date was March 24th, 2016. Steem’s total supply is 474,580,046 coins. Steem’s official message board 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. Steem’s official Twitter account is @steemit and its Facebook page is accessible here. The official website for Steem is steem.com.

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 currently possible to purchase alternative cryptocurrencies such as Steem directly using U.S. dollars. Investors seeking to acquire Steem should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Coinbase or Gemini. 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