The Block • Sep 27, 23
Bitcoin’s correlation with equities continuing to diverge
The correlation between bitcoin and equities will continue to diverge over the coming months due to the Fed's continued monetary tightening.
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Market
Market stats
Market cap
$78.0M
Volume (24h)
$3.2M
Circulating supply
445.2M STEEM
All time high
$8.57
Price change (1h)
-0.56%
Price change (24h)
-1.37%
Price change (7d)
+2.74%
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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Steem is on the rise this week.
The price of Steem has risen by 2.74% in the past 7 days. The price declined by 1.37% in the last 24 hours. In just the past hour, the price shrunk by 0.56%. The current price is $0.18 per STEEM. Steem is 97.96% below the all time high of $8.57.
The current circulating supply is 445,171,576.773 STEEM.
About
Steem is a cryptocurrency built for social and content-based blockchain applications like Steemit. Third-party developers can leverage Steem for distributed content management and autonomous token distribution. Transactions on Steem are processed in ~3 seconds without fees.
What Is Steem (STEEM)?
Steem (STEEM) is a database that supports community building and social relations using cryptocurrency rewards. According to the whitepaper, the Steem protocol is the first virtual currency that desires to reward all individuals who give personal assistance to its community without any limits. Also, the platform seeks to help social media and online communities by producing much of its value. It also delivers relevant contributions and rewards them with cryptocurrency by recognizing every individual's contribution to the community with the idea of adding value to the platform.
In addition, the Steem is developed to manage significant obstacles to the adoption and monetization of a social media-based economy. The word monetize means liquidating an acquisition or asset. The platform tends to reach a broad market and create a cryptocurrency through this process. Besides, involvement in renewing economic incentives can create relevant results for everyone.
Similarly, the platform is also into the problem-solving mode of cryptocurrency liquidation, onboarding, and organic discovery through Search Engine Optimization (SEO). SEO is a process of improvising the site and its visibility when people search for anything related to business. Also, STEEM provides a solution for micropayments, which refers to less than USD payments.
The Smart Media Token (SMT) is a native token of the Steem blockchain. STEEM token is a cryptocurrency token that is a fundamental unit of account on the platform. The token works based on a one-STEEM, one-vote system. Under this model, individuals who have donated the most to the platform have the most power over achieving contributions. Likewise, token holders own a monetary incentive to vote in a way that maximizes the long-term value of their STEEM.
History of Steem (STEEM)
Dan Larimer and Ned Scott are the co-founders of the Steem platform. The whitepaper of the Steem platform was launched in August 2017.
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Steem Calculator
How much is 1 STEEM?
Conversion Table
STEEM/CAD (Canadian Dollar)
CA$0.24
STEEM/JPY (Japanese Yen)
¥26.23
STEEM/INR (Indian Rupee)
₹14.56
STEEM/BRL (Real)
R$0.89
STEEM/EUR (Euro)
€0.17
STEEM/NGN (Nigerian Naira)
NGN 134.30
STEEM/KRW (South Korean Won)
₩237.80
Reading List
News
Decrypt • Sep 27, 23
You Can Now Trade Bitcoin Mining Hashpower on Arbitrum
The Lumerin Hashpower Marketplace creates a novel method for decentralizing Bitcoin's global hashrate and makes mining accessible to retail investors.
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Unchained • Sep 27, 23
SEC Chair Gensler Says Bitcoin Isn’t a Security
Appearing before the U.S. House Financial Services Committee on Wednesday, Securities and Exchange Commission (SEC) Chair Gary Gensler said that bitcoin (BTC) isn’t a security but stopped short of calling the digital asset a commodity. The sentiment echoed Gensler’s previously more lenient stance on
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CoinDesk • Sep 27, 23
The Protocol: Google Pushes Deeper into Blockchain
Google's cloud-computing division is increasingly involved in blockchain, with plans to add 11 networks including Polygon, Optimism, and Polkadot to its 'BigQuery' program for public datasets.
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CoinDesk • Sep 27, 23
With All Eyes on a Spot Bitcoin ETF Approval, Don’t Sleep on ETH (or ETHE)
There’s a better trade than buying Grayscale’s GBTC if you’re optimistic the SEC will approve crypto ETFs.
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The Block • Sep 27, 23
FalconX participates in $3 million seed round for DeFi portfolio manager Bril Finance
Bril Finance raised $3 million in seed funding from FalconX, Kosmos Ventures and the Algorand Foundation. It also officially launched on Sei.
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FAQ
What is the current price of Steem?
We update our Steem to USD currency in real-time. Get the live price of Steem on Coinbase.
What is the market cap of Steem?
The current market cap of Steem is $77.98M. A high market cap implies that the asset is highly valued by the market.
What is the all time high of Steem?
The all-time high of Steem is $8.57. This all-time high is highest price paid for Steem since it was launched.
What is the 24 hour trading volume of Steem?
Over the last 24 hours, the trading volume of Steem is $3.20M.
What other assets are similar to Steem?
Assets that have a similar market cap to Steem include SPACE ID, Ontology Gas, DeXe, and many others. To see a full list, see our comparable market cap assets.
How many Steem are there?
The current circulating supply of Steem is 445 million.
Can I buy Steem on Coinbase?
No, Steem is not currently available on Coinbase, but you can sign up to get the latest news on Steem and be notified when it gets added to our exchange.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.