Steem Price, News and Analysis (STEEM)

Steem logo
-0.0358 (-9.82%)
(As of 06/18/2021 11:33 AM ET)
1-Hour Price Change -1.04%
1-Day Price Change -9.82%
7-Day Price Change -20.34%
1-Day Volume$2.37 million
Market Cap$141.41 million
BTC Price0.00000999 BTC
Circulating Supply387.38 million
Total Supply404.35 million
Maximum SupplyN/A

About Steem (STEEM)

Currency Details

Name Steem
Market Capitalization$141.41 million
Coin or TokenCoin
Proof TypePoW
Genesis Date3/24/2016

Official Links

Official Website (Alt)
BitcoinTalk AnnouncementView
Twitter Account@steemit
Facebook PageView
Github AccountView

Community Discussion

Reddit Communityr/steemit
Telegram GroupN/A
Discord GroupN/A
Message Board[email protected]
Message Board (Alt)chainbb.comforumsteem

Research Tools

Blockchain Explorer (Alt)

Receive STEEM News and Prices via Email

Sign-up to receive the latest news and price data for Steem and its competitors with MarketBeat's CryptoBeat newsletter.
speech bubbles
speech bubbles

Steem (STEEM) Frequently Asked Questions

What is 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. 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.   (Description provided by CryptoCompare)

How do I buy Steem?

It is not possible to buy all cryptocurrencies with U.S. dollars. Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S. dollars using Coinbase or BlockFi. Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including Steem.

What do investment analysts think about Steem?

Weiss Research, an investment research firm that rates cryptocurrencies, has given Steem an overall rating of "C", a technology and adoption rating of "C-", and a market performance rating of "B+".

Where can I get Steem wallet?

Steem produces its own wallet software that is available for download on its website, which allows you to store Steem on your computer. For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X. If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.

What is the value of Steem?

One Steem (STEEM) is currently worth $0.37 on major cryptocurrency exchanges. You can also exchange one Steem for 0.00000999 bitcoin(s) on major exchanges. The value (or market capitalization) of all available Steem in U.S. dollars is $141.41 million.

What hashing algorithm does Steem use?

Steem is a proof of work (PoW) coin that uses the SHA-256 algorithm.

How do I mine Steem?

Steem and other SHA-256 coins can typically only be mined profitably with a piece of specialized mining hardware called an ASIC, which stands for application-specific integrated circuit. Major manufacturers of ASICs include BitMain (AntMiner), Microbt (Whatsminer), and Canaan (AvalonMiner). ASIC hardware can be purchased directly from the manufacturer or from resellers on Amazon and eBay.

What coins are similar to Steem?

The following coins use Steem's SHA-256 algorithm and proof of work (PoW) proof-type: Bitcoin, Bitcoin Cash, Bitcoin SV, Bitcoin Cash ABC, Namecoin, PIXEL, DragonVein, Crown, Color Platform, DAOBet, Terracoin, Zetacoin, ATBCoin, Dollarcoin and Titcoin.

What is the Reddit page for Steem?

The official Reddit community (subreddit) for Steem is r/steemit.

MarketBeat Community Rating for Steem (STEEM)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  483 (Vote Outperform)
Underperform Votes:  562 (Vote Underperform)
Total Votes:  1,045
MarketBeat's community ratings are surveys of what our community members think about Steem and other cryptocurrencies. Vote "Outperform" if you believe the stock will outperform other cryptocurrencies over the long term. Vote "Underperform" if you believe the stock will underperform other cryptocurrencies over the long term. You may vote once every thirty days.


Steem (STEEM) Price Chart for Friday, June, 18, 2021

Loading chart…

Google Trends

Steem (STEEM) Search Trends

There is a correlation between price appreciation and public interest in cryptocurrencies, such as Steem. Many cryptocurrency investors use Google Trends, which measures the volume of web searches for a particular topic over time, as a tool to gauge whether public interest is increasing or decreasing for a particular cryptocurrency. The chart below shows how search volume has changed for the phrase "Steem Coin" over the last 90 days.

Steem (STEEM) Website Traffic

Steem (STEEM) Social Media Trends

Social Media Mentions

Steem (STEEM) Reddit Feed

This page was last updated on 6/18/2021 by Staff
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research. As a bonus to opt-ing into our email newsletters, you will also get a free subscription to the Liberty Through Wealth e-newsletter. You can opt out at any time.