Steem (STEEM) 1-Day Volume Reaches $3.98 Million

Steem (STEEM) traded up 0.7% against the dollar during the 24-hour period ending at 7:00 AM E.T. on April 22nd. One Steem coin can currently be bought for $0.0592 or 0.00000076 BTC on major cryptocurrency exchanges. Steem has a market capitalization of $30.93 million and $3.98 million worth of Steem was traded on exchanges in the last day. In the last week, Steem has traded 3.7% higher against the dollar.

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

• Arweave (AR) traded up 1.3% against the dollar and now trades at $2.10 or 0.00002685 BTC.
• Bitcoin (BTC) traded up 2.2% against the dollar and now trades at $78,248.05 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 2.8% against the dollar and now trades at $0.0983 or 0.00000126 BTC.
• UNUS SED LEO (LEO) traded 0.2% higher against the dollar and now trades at $10.38 or 0.00013265 BTC.
• Bitcoin Cash (BCH) traded 4.9% higher against the dollar and now trades at $467.44 or 0.00597617 BTC.
• Monero (XMR) traded up 1.5% against the dollar and now trades at $375.76 or 0.00480402 BTC.
• Zcash (ZEC) traded down 3.3% against the dollar and now trades at $318.61 or 0.00407336 BTC.
• Litecoin (LTC) traded up 1.3% against the dollar and now trades at $56.17 or 0.00071807 BTC.
• Ethereum Classic (ETC) traded up 2.7% against the dollar and now trades at $8.73 or 0.00011161 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 genesis date was March 24th, 2016. Steem’s total supply is 545,580,815 coins and its circulating supply is 522,267,379 coins. Steem’s official message board is steemit.com/@steemitblog. 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 website for Steem is steem.com.

According to CryptoCompare, “Steem is a blockchain platform designed to reward content creation and curation with cryptocurrency, launched in 2016 by Ned Scott and Dan Larimer. It uses a Delegated Proof of Stake (DPoS) consensus mechanism, ensuring fast, fee-free transactions and decentralised governance. The platform’s three-token system includes STEEM, the native token used for rewards and liquidity; Steem Power (SP), a vested token for staking and governance; and Steem Dollars (SBD), a stablecoin intended to be pegged to the US dollar but often subject to volatility. STEEM is primarily used to reward users for posting and curating content, peer-to-peer transfers, and staking for governance. SP increases voting influence, while SBD offers a more stable, though fluctuating, form of payment. Steem’s core application is Steemit, a decentralised social media platform where users earn rewards directly from blockchain protocol incentives.”

Buying and Selling Steem

It is usually not currently possible to buy alternative cryptocurrencies such as Steem directly using US dollars. Investors seeking to acquire Steem should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Steem using one of the aforementioned exchanges.

STEEM/USD price chart by TradingView