Steem (STEEM) 24 Hour Trading Volume Reaches $11.01 Million

Steem (STEEM) traded 4.2% higher against the US dollar during the 1-day period ending at 21:00 PM E.T. on March 28th. One Steem coin can now be bought for $0.35 or 0.00000500 BTC on popular cryptocurrency exchanges. In the last week, Steem has traded 11.7% higher against the US dollar. Steem has a total market cap of $162.62 million and approximately $11.01 million worth of Steem was traded on exchanges in the last 24 hours.

Here’s how other cryptocurrencies have performed in the last 24 hours:

• Bitcoin (BTC) traded up 2.1% against the dollar and now trades at $70,886.94 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 9.3% against the dollar and now trades at $0.22 or 0.00000313 BTC.
• Bitcoin Cash (BCH) traded up 6.2% against the dollar and now trades at $570.32 or 0.00804629 BTC.
• Litecoin (LTC) traded 0.9% lower against the dollar and now trades at $94.50 or 0.00133328 BTC.
• UNUS SED LEO (LEO) traded 0.4% lower against the dollar and now trades at $6.04 or 0.00008527 BTC.
• Ethereum Classic (ETC) traded 1.9% higher against the dollar and now trades at $32.54 or 0.00045914 BTC.
• Arweave (AR) traded 3.6% lower against the dollar and now trades at $42.03 or 0.00059294 BTC.
• Monero (XMR) traded 2.2% lower against the dollar and now trades at $135.68 or 0.00191423 BTC.
• Conflux (CFX) traded 1% higher against the dollar and now trades at $0.49 or 0.00000684 BTC.
• Bitcoin SV (BSV) traded up 4.7% against the dollar and now trades at $94.35 or 0.00133114 BTC.

Steem Profile

STEEM is a proof-of-work (PoW) coin that uses the PoS hashing algorithm. It launched on March 24th, 2016. Steem’s total supply is 458,687,572 coins. Steem’s official Twitter account is @steemit and its Facebook page is accessible here. The Reddit community for Steem is https://reddit.com/r/steemit and the currency’s Github account can be viewed here. The official message board for Steem is steemit.com/@steemitblog. 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 possible to buy alternative cryptocurrencies such as Steem directly using U.S. dollars. Investors seeking to acquire Steem should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Steem using one of the exchanges listed above.

STEEM/USD price chart by TradingView