Steem has a total market capitalization of $366.45 million and approximately $1.11 million worth of Steem was traded on exchanges in the last day, Macon Daily reports.
Steem coin's price now equals to $1.43 on popular cryptocurrency exchanges including OpenLedger DEX, Bittrex, HitBTC and Upbit.
Over the last seven days, Steem has traded 27.4% lower against the US dollar.
Steem is a blockchain-based social media platform where anyone can earn rewards by posting relevant content, curating quality content by upvoting and by holding Steem based currencies in a vest fund, which generates interest.
It is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. It was first traded on July 4th, 2015.
Steem’s total supply is 273,800,822 coins and its circulating supply is 256,826,728 coins.