Steem Price Reaches $0.29 (STEEM)

Steem (STEEM) traded 5.1% lower against the dollar during the one day period ending at 21:00 PM E.T. on April 26th. Over the last week, Steem has traded up 11.2% against the dollar. One Steem coin can currently be purchased for about $0.29 or 0.00000459 BTC on major cryptocurrency exchanges. Steem has a total market cap of $132.66 million and $8.05 million worth of Steem was traded on exchanges in the last 24 hours.

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

• Bitcoin (BTC) traded 2.7% lower against the dollar and now trades at $62,696.23 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 2.9% against the dollar and now trades at $0.14 or 0.00000231 BTC.
• Bitcoin Cash (BCH) traded 0.4% higher against the dollar and now trades at $472.33 or 0.00753366 BTC.
• Litecoin (LTC) traded 3.5% higher against the dollar and now trades at $86.45 or 0.00137894 BTC.
• UNUS SED LEO (LEO) traded 0.2% lower against the dollar and now trades at $5.82 or 0.00009275 BTC.
• Ethereum Classic (ETC) traded 2.7% higher against the dollar and now trades at $26.85 or 0.00042833 BTC.
• Monero (XMR) traded down 0.4% against the dollar and now trades at $119.68 or 0.00190882 BTC.
• Arweave (AR) traded 13% lower against the dollar and now trades at $29.94 or 0.00047757 BTC.
• Bitcoin SV (BSV) traded 1.3% higher against the dollar and now trades at $65.62 or 0.00104665 BTC.
• eCash (XEC) traded down 3.3% against the dollar and now trades at $0.0001 or 0.00000000 BTC.

Steem 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 460,653,864 coins. 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. The official message board for Steem is steemit.com/@steemitblog.

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 US dollars. Investors seeking to trade Steem should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Gemini or Coinbase. 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