Steem Dollars (SBD) Price Down 8.7% This Week
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Steem Dollars (CURRENCY:SBD) traded down 12.3% against the U.S. dollar during the 24 hour period ending at 23:00 PM Eastern on February 28th. During the last seven days, Steem Dollars has traded down 8.7% against the U.S. dollar. Steem Dollars has a total market cap of $22.37 million and $1.86 million worth of Steem Dollars was traded on exchanges in the last 24 hours. One Steem Dollars coin can now be bought for approximately $2.04 or 0.00024444 BTC on exchanges including Poloniex, Bittrex, HitBTC and Tidex.
Here’s how related cryptocurrencies have performed during the last 24 hours:
Bitcoin (BTC) traded 7% lower against the dollar and now trades at $8,428.55 or 1.00000000 BTC.
Bitcoin Cash (BCH) traded 8.4% lower against the dollar and now trades at $967.44 or 0.11572200 BTC.
Steem (STEEM) traded 12.4% lower against the dollar and now trades at $1.97 or 0.00023574 BTC.
Emercoin (EMC) traded down 8.9% against the dollar and now trades at $3.28 or 0.00039274 BTC.
BitcoinDark (BTCD) traded 1.5% higher against the dollar and now trades at $83.30 or 0.00996366 BTC.
Experience Points (XP) traded down 7.1% against the dollar and now trades at $0.0003 or 0.00000003 BTC.
BitBean (BITB) traded 1.5% lower against the dollar and now trades at $0.0255 or 0.00000172 BTC.
Peercoin (PPC) traded down 6.4% against the dollar and now trades at $1.92 or 0.00022909 BTC.
Counterparty (XCP) traded 9.6% lower against the dollar and now trades at $12.14 or 0.00145241 BTC.
Unobtanium (UNO) traded 7.4% lower against the dollar and now trades at $143.27 or 0.01713790 BTC.
Steem Dollars Coin Profile
Steem Dollars (CURRENCY:SBD) is a coin. It launched on June 4th, 2016. Steem Dollars’ total supply is 10,948,018 coins. The official website for Steem Dollars is steem.io. The official message board for Steem Dollars is steemit.com/@steemitblog. The Reddit community for Steem Dollars is /r/steemit and the currency’s Github account can be viewed here. Steem Dollars’ official Twitter account is @steemit and its Facebook page is accessible here.
According to CryptoCompare, “Steem Backed Dollars or simply Steem Dollars are stable value pegged assets issued in the Steem.it platform. SBD are pegged to the value of the USD and can be redeemed on the Steem.it platform for about one dollar worth of Steem. When Content creators receive rewards on the Steem.it platform they are made available in 50% Steem Power, which can be redeemed continuously over a period of 104 weeks, and 50% SBD which can be fully redeemed for Steem in a 5 day period. SBD can also be transfered on the Steem Platform and can be exchanged outside of the Platform. “
Steem Dollars Coin Trading
Steem Dollars can be purchased on the following cryptocurrency exchanges: OpenLedger DEX, Tidex, HitBTC, Poloniex and Bittrex. It is not currently possible to purchase Steem Dollars directly using U.S. dollars. Investors seeking to trade Steem Dollars must first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Steem Dollars using one of the aforementioned exchanges.