Steem Reaches Market Cap of $82.33 Million (STEEM)

by · The Markets Daily

Steem (STEEM) traded 3.1% higher against the dollar during the 24-hour period ending at 18:00 PM E.T. on October 29th. Over the last seven days, Steem has traded down 4.1% against the dollar. Steem has a total market capitalization of $82.33 million and approximately $19.77 million worth of Steem was traded on exchanges in the last 24 hours. One Steem coin can currently be bought for about $0.17 or 0.00000240 BTC on popular exchanges.

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

  • Bitcoin (BTC) traded up 3.5% against the dollar and now trades at $72,218.63 or 1.00000000 BTC.
  • Dogecoin (DOGE) traded 8.6% higher against the dollar and now trades at $0.17 or 0.00000241 BTC.
  • Bitcoin Cash (BCH) traded up 4.2% against the dollar and now trades at $380.25 or 0.00526525 BTC.
  • UNUS SED LEO (LEO) traded 0.3% higher against the dollar and now trades at $6.06 or 0.00008397 BTC.
  • Litecoin (LTC) traded up 4% against the dollar and now trades at $73.67 or 0.00102005 BTC.
  • Monero (XMR) traded 1% higher against the dollar and now trades at $163.73 or 0.00226712 BTC.
  • Ethereum Classic (ETC) traded 2.3% higher against the dollar and now trades at $19.35 or 0.00026791 BTC.
  • Arweave (AR) traded up 3.7% against the dollar and now trades at $16.90 or 0.00023406 BTC.
  • Bitcoin SV (BSV) traded up 1% against the dollar and now trades at $51.63 or 0.00071487 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 474,988,945 coins. The official website for Steem is steem.com. Steem’s official Twitter account is @steemit and its Facebook page is accessible here. 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.

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 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 GDAX, Coinbase or Changelly. 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