Steem

STEEM Price

What is Steem about?

Steem is a cryptocurrency that rewards users for community building by posting and upvoting valuable content for others. Steem was inspired by the success of Reddit, where the community helped enrich the shareholders. Steem aims to distribute rewards to community members who help create the community, providing services such as curated news, Q&A, and job boards. The founders of Steem came from BitShares, with Dan Larimer involved.

What makes Steem unique?

Steem's main platform, Steemit, is a social media network built on the Steem blockchain, similar to Reddit and Medium, but it rewards users with cryptocurrency for their participation. The more value a piece of content provides to a greater number of people, the more its creators and curators can earn.

What can Steem be used for?

Users cast votes, creating a hierarchy of content, with more upvotes earning more. The platform allows for downvotes, giving participants flexibility in rating content. Steemit is meritocratic, with users holding more currency able to cast votes with greater influence. The Steemit community offers another service, D.tube, a blockchain-based platform similar to YouTube, where users can see the difference in earnings displayed beside posts, along with likes, shares, and comments.

Where can you buy Steem?

STEEM tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Steem is Binance, where the most active trading pair STEEM/USDT has a trading volume of $630,863.62 in the last 24 hours. Other popular options include Upbit and Gate.

What is the daily trading volume of Steem (STEEM)?

The trading volume of Steem (STEEM) is $4,375,233.52 in the last 24 hours, representing a 15.40% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Steem (STEEM)?

Steem (STEEM) reached an all-time high of $8.19 and an all-time low of $0.03415. It’s now trading -99.30% below that peak and 77.30% above its lowest price.

What is the market cap of Steem (STEEM)?

Market capitalization of Steem (STEEM) is $33,832,502 and is ranked #656 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of STEEM tokens (560 Million tokens are tradable on the market today).

What is the fully diluted valuation of Steem (STEEM)?

The fully diluted valuation (FDV) of Steem (STEEM) is $33,839,901. This is a statistical representation of the maximum market cap, assuming total number of 560 Million ETH tokens are in circulation today.

How does the price performance of Steem compare against its peers?

With a price increase of 5.70% in the last 7 days, Steem (STEEM) is underperforming the global cryptocurrency market which is up 13.70%, while underperforming when compared to similar SocialFi cryptocurrencies which are up 15.90%.