Steem (STEEM) Price Hits $0.25 on Major Exchanges

Steem (STEEM) traded up 3.1% against the U.S. dollar during the twenty-four hour period ending at 15:00 PM Eastern on April 18th. In the last week, Steem has traded down 24.7% against the U.S. dollar. One Steem coin can currently be purchased for about $0.25 or 0.00000401 BTC on cryptocurrency exchanges. Steem has a market capitalization of $116.80 million and approximately $8.44 million worth of Steem was traded on exchanges in the last 24 hours.

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

• Bitcoin (BTC) traded 3.8% higher against the dollar and now trades at $63,339.19 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 1.2% higher against the dollar and now trades at $0.15 or 0.00000238 BTC.
• Bitcoin Cash (BCH) traded up 3.4% against the dollar and now trades at $481.53 or 0.00760239 BTC.
• Litecoin (LTC) traded up 1.6% against the dollar and now trades at $80.66 or 0.00127350 BTC.
• UNUS SED LEO (LEO) traded 0.4% lower against the dollar and now trades at $5.86 or 0.00009249 BTC.
• Ethereum Classic (ETC) traded 1.8% higher against the dollar and now trades at $26.03 or 0.00041103 BTC.
• Monero (XMR) traded 2.3% lower against the dollar and now trades at $117.09 or 0.00184860 BTC.
• Arweave (AR) traded 1.7% higher against the dollar and now trades at $25.19 or 0.00039763 BTC.
• Bitcoin SV (BSV) traded up 1.3% against the dollar and now trades at $66.80 or 0.00105462 BTC.
• eCash (XEC) traded 2.1% higher 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. It was first traded on March 24th, 2016. Steem’s total supply is 460,057,985 coins. Steem’s official message board is steemit.com/@steemitblog. Steem’s official Twitter account is @steemit and its Facebook page is accessible here. 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.

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 presently possible to buy alternative cryptocurrencies such as Steem directly using U.S. dollars. Investors seeking to acquire Steem should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Steem using one of the aforementioned exchanges.

STEEM/USD price chart by TradingView