Steem price
Current price
$0.0431
−0.48% 24h
Live Updated just now
Today Steem slips 0.5%, in line with the market.
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View as table
| Time | Price |
|---|
Change by period
- 1 hour −0.65%
- 24 hours −0.48%
- 7 days −7.83%
- 30 days −19.87%
- 1 year −45.76%
Steem's move in context
Moving with the market
−0.48% in 24 hours, close to the whole market (−0.93%). Nothing specific to Steem stands out in the price.
- We compare the last 24 hours with this coin's typical day, from 26 recent days (up to four weeks). We only count exchanges we read on both days, so an exchange we've just added doesn't look like extra trading. This describes trading, not where the price goes next.
$471.92K traded in the last 24 hours on the exchanges we read, close to its usual day.
- The price of each exchange's last trade, read in the past few minutes, in US dollars or dollar stablecoins; markets with little trading are left out. Gaps under 1% are everyday: fees and the gap between buying and selling prices take up most of them.
Steem's last prices on 4 exchanges we read are within 0.37% of each other, so the price above isn't one exchange's quirk.
Part of a slide
−7.8% over 7 days and −19.9% over 30 days: the recent move continues the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
Where to trade Steem
Prices agree within 0.37% across these 4 exchanges.
- Binance Most traded STEEM/USDT $300.46K 24h volume Last price $0.0431 0.00% vs our price
- Gate.io STEEM/USDT $89.12K 24h volume Last price $0.0432 +0.12% vs our price
- MEXC STEEM/USDT $60.54K 24h volume Last price $0.0431 −0.12% vs our price
- HTX STEEM/USDT $21.8K 24h volume Last price $0.0430 −0.26% vs our price
Each exchange's last price against our price above. Listed for convenience, not as advice: check that an exchange is allowed where you live.
About Steem
Overview
Steem is a decentralized blockchain-based social media platform that enables users to create, share, and monetize content. Launched in March 2016, it was developed to empower content creators by providing them with a direct way to earn rewards for their contributions without intermediaries. The core mission of Steem is to create a community-driven ecosystem where users are incentivized to produce quality content, engage with others, and participate in governance. One distinguishing feature of Steem is its unique rewards system, which allows users to earn cryptocurrency based on the votes their content receives from others in the community.
Technical Features
Steem utilizes a Delegated Proof of Stake (DPoS) consensus mechanism, which enables efficient transaction processing and decentralization. In this model, token holders elect witnesses who are responsible for validating transactions and maintaining the blockchain. This approach enhances the network's scalability and speeds up transaction times significantly compared to traditional proof-of-work systems. Steem’s architecture consists of a multi-threaded design that enables high throughput and low latency, making it suitable for real-time applications. Additionally, it implements a unique reward distribution model that allocates Steem tokens (STEEM) to content creators, curators, and witnesses, thereby promoting active participation in the ecosystem.
Use Cases
Steem has multiple use cases that revolve primarily around content creation and social engagement. It plays a significant role in decentralized finance (DeFi) by allowing users to stake their STEEM tokens to earn interest. Steem also facilitates governance through a voting system where users can influence decisions on platform enhancements and rule changes. Moreover, Steem supports various decentralized applications (dApps) that utilize its infrastructure for purposes such as non-fungible tokens (NFTs), community-driven projects, and collaborative content creation. Another valuable application of Steem is its ability to enhance cross-border payments through its seamless cryptocurrency functionalities, allowing creators across the globe to be rewarded fairly and transparently.
Development Background
Steem was created by Ned Scott and Dan Larimer, who were pivotal in its early development, providing a vision for building a decentralized social media platform. The platform's launch marked a significant step in the integration of social media with blockchain technology. In 2020, Steem faced controversy when it was acquired by the Tron Foundation, leading to a community fork and the creation of the Hive blockchain, which further highlighted the importance of decentralization and governance in the cryptocurrency space. Since its inception, Steem has undergone several upgrades and improvements to enhance its functionalities and user experience.
Community and Ecosystem
The Steem ecosystem is supported by a vibrant community of developers, content creators, and users who collaborate to build innovative applications and projects. Many dApps have emerged, providing a variety of services ranging from blogging platforms to social interaction tools. The ecosystem thrives on partnerships with other blockchain projects and communities, leading to collaborative efforts that bolster its use cases and increase adoption. The Steem community actively engages in discussions and forums, contributing to its governance and development while promoting awareness and education around blockchain technology.
Future Potential
Steem holds significant future potential due to its robust technology and diverse use cases. The ongoing developments aim to enhance scalability, privacy features, and user experience further, which may attract a broader audience. The emphasis on building a decentralized and user-centric platform positions Steem favorably within the growing landscape of blockchain social media solutions. As the demand for creator-centric platforms continues to rise, Steem’s unique reward structures and capabilities in the DeFi space may lead to increased adoption, making it a critical player in the evolving world of cryptocurrencies.
Steem market
- Position by market cap among the coins we track whose circulating supply is checked.
- #268
- Position by market cap among the coins we track whose circulating supply is checked.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $24.28M
- Price × coins in circulation. It measures a coin's size, not its quality.
- Dollars traded in the last 24 hours on the exchanges we read, in pairs against the dollar or a dollar stablecoin such as USDT. Sites that count more exchanges and pairs show higher figures.
- $471.92K
- on the exchanges we read
- Dollars traded in the last 24 hours on the exchanges we read, in pairs against the dollar or a dollar stablecoin such as USDT. Sites that count more exchanges and pairs show higher figures.
- The lowest and highest price we recorded in the last 24 hours. The dot marks the current price.
- Low $0.0405 High $0.0437
- The lowest and highest price we recorded in the last 24 hours. The dot marks the current price.
- The highest price in our records for this coin. The bar shows the current price as a share of it.
- $8.19
- Now 1% of it Reached 3 Jan 2018 · Needs +18,898% to get back
- The highest price in our records for this coin. The bar shows the current price as a share of it.
- Coins that exist now and can be traded.
- 563.19M STEEM
- Coins that exist now and can be traded.
- The most coins that can ever exist. Some coins have no limit.
- No limit listed
- The most coins that can ever exist. Some coins have no limit.
Steem converter
1 Steem = $0.0431
