Steem (STEEM) Price Hits $2.07 on Exchanges

Steem (CURRENCY:STEEM) traded 42.3% higher against the US dollar during the 24-hour period ending at 3:00 AM E.T. on March 19th. Steem has a total market capitalization of $531.14 million and $50.52 million worth of Steem was traded on exchanges in the last day. During the last seven days, Steem has traded up 18.4% against the US dollar. One Steem coin can now be bought for about $2.07 or 0.00028237 BTC on cryptocurrency exchanges including HitBTC, Poloniex, Bittrex and Upbit.
Here is how other cryptocurrencies have performed during the last day:

Bitcoin (BTC) traded 5.7% higher against the dollar and now trades at $7,374.14 or 1.00000000 BTC.
Bitcoin Cash (BCH) traded up 3.9% against the dollar and now trades at $690.73 or 0.09434620 BTC.
Counterparty (XCP) traded up 3.5% against the dollar and now trades at $11.45 or 0.00156441 BTC.
Unobtanium (UNO) traded up 2.9% against the dollar and now trades at $136.59 or 0.01865600 BTC.
Namecoin (NMC) traded up 0.8% against the dollar and now trades at $1.49 or 0.00020290 BTC.
Crown (CRW) traded 4.3% higher against the dollar and now trades at $1.16 or 0.00015822 BTC.
ATBCoin (ATB) traded 4% higher against the dollar and now trades at $0.21 or 0.00002849 BTC.
CHIPS (CHIPS) traded 15.1% higher against the dollar and now trades at $0.40 or 0.00005437 BTC.
Terracoin (TRC) traded 7.2% higher against the dollar and now trades at $0.18 or 0.00002476 BTC.
UnbreakableCoin (UNB) traded 4.1% higher against the dollar and now trades at $0.57 or 0.00007815 BTC.
About Steem.

Steem (STEEM) 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 273,903,121 coins and its circulating supply is 256,929,027 coins. The Reddit community for Steem is /r/steemit and the currency’s Github account can be viewed here. Steem’s official Twitter account is @steemit and its Facebook page is accessible here. The official message board for Steem is steemit.com/@steemitblog. The official website for Steem is steem.io.
According to CryptoCompare, “Steem.it 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. There are three main currencies in Steemit: Steem, Steem Power (SP) and Steem Backed Dollars (SBD). Steem is liquid and can be bought in an exchange and converted into steem dollars or steem power. Steem Power is basically Steem that is locked in a vesting fund for 3 months. Users can use steem power to upvote content and get curating rewards. When a user upvotes content his steem power gets depleted and then slowly regenerated. Steem Power holders recieve interest from their holdings. The more Steem Power a voter has the more revenue he'll generate for himself (in form of SP) and for the content creator (In SBD). There is also an incentive to upvote content early, as the rewards are distributed according to time. The earliest votes gets the biggest share of the reward. Steem Backed Dollars are there to protect content creators from volatitlity and can be traded for roughly 1 usd worth of steem, in order to cash out from steem. Converting Steem backed dollars into STEEM takes 5 days. Users also recieve interest from holding SBD. T Steem is a proof of work currency with a scheduled blocktime of 3 seconds. Steem PoW mining is done in rounds of 63 seconds by 21 miners (witnesses). 19 of the miners are pre voted, one is the other with the most computational power, and the last one is selected from a queue of witnesses that did not get on the top 19 voted witnesses. 90% of the block reward is allocated to a vest fund to reward curators and PoW miners, the other 10% are made liquid in the form of steem and are used to reward content creators. Steem gets converted to Steem Backed Dollars and sent to the content creator. “
Steem Coin Trading
Steem can be purchased on these cryptocurrency exchanges: OpenLedger DEX, Upbit, HitBTC, Poloniex and Bittrex. It is not presently possible to purchase Steem directly using US dollars. Investors seeking to acquire Steem must first purchase 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 purchase Steem using one of the exchanges listed above.