Steem (STEEM) Price Tops $0.0804 on Exchanges

Steem (STEEM) traded down 3.9% against the U.S. dollar during the 1 day period ending at 13:00 PM ET on November 13th. Steem has a total market cap of $41.99 million and approximately $15.71 million worth of Steem was traded on exchanges in the last day. During the last week, Steem has traded up 6.5% against the U.S. dollar. One Steem coin can now be bought for $0.0804 or 0.00000080 BTC on popular cryptocurrency exchanges.

Here is how other cryptocurrencies have performed during the last day:

• Arweave (AR) traded 2.5% lower against the dollar and now trades at $4.67 or 0.00004660 BTC.
• Bitcoin (BTC) traded down 2.2% against the dollar and now trades at $100,222.22 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 0.2% against the dollar and now trades at $0.17 or 0.00000168 BTC.
• Bitcoin Cash (BCH) traded 1.6% higher against the dollar and now trades at $513.92 or 0.00512924 BTC.
• UNUS SED LEO (LEO) traded up 1.4% against the dollar and now trades at $9.13 or 0.00009115 BTC.
• Zcash (ZEC) traded 6.4% higher against the dollar and now trades at $484.31 or 0.00483364 BTC.
• Litecoin (LTC) traded 1.3% higher against the dollar and now trades at $96.86 or 0.00096670 BTC.
• Monero (XMR) traded down 3% against the dollar and now trades at $375.08 or 0.00374352 BTC.
• Ethereum Classic (ETC) traded 0.3% lower against the dollar and now trades at $15.16 or 0.00015130 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 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 531,823,124 coins and its circulating supply is 522,267,379 coins. The official website for Steem is steem.com. 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.

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

STEEM/USD price chart by TradingView