Steem Price for today is $0.5805040616. Its current circulating supply is STEEM 304,473,965 with a market cap of $166,894,843.
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Currently, Steem (STEEM) is trading at $0.5805 with STEEM price 0.1% down today. The market cap of Steem is USD 166,894,843 with 287,499,871 steem circulating currently. The 24-hour price movement chart indicates that $878,675 worth of STEEM were trading. The price peaked to $0.6093 in the last 24 hours while the lowest price was $0.5561.
This is one of the few cryptocurrencies having a value of more than 1 USD. This itself makes it better than a lot of other digital currencies. According to the STEEM price prediction data*, this cryptocurrency is going to witness an exponential growth in the coming time. The smart technical analyses show that STEEM price is going to rise as high as $3.672 in 2019.
This is a huge hike given a short period of less than one year from now. STEEM was launched in 2016 and now has reached 1 million accounts in May 2018. Steem price prediction suggest that the Steem price is up for a long-term 1616.61159% in the STEEM price value with a 5-year investment. This means that in the year 2023, the Steem price is forecasted to stand at $9.965 . You can keep track of Steem’s progress by adding it to your wallet portfolio.
The innovation behind this project is amazing. This is the reason behind the success of this crypto coin more than its contemporary virtual currencies. In the next five years, the STEEM rate is predicted to hit a high with a value of $9.965. These predictions show that investing in STEEM is going to be an awesome investment with a huge long-term earning potential.
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Digital transformation has changed the way we perceived money. With the introduction of the digital currencies, the people can invest and earn profits sitting back in their house. The ever-growing development and innovation in the field of virtual currencies are commendable. Even the volatile nature of this market has not stopped people from trying their luck in this field. Taking into consideration the growth potential of the crypto market, investing your expendable funds in cryptocurrencies can prove to be a great asset for the future.
When it comes to trading cryptocurrencies, CoinSwitch is the largest cryptocurrency exchange available in the market. It supports more than 300 different cryptocurrencies all over the world. The main reason for its popularity is the reliability and security it offers to its users. Steem coin can also be traded on CoinSwitch. Steem crypto is the fundamental economic unit of Steem blockchain. It is a popular crypto coin due to its increasing market value.
You can buy and sell Steem coin via CoinSwitch in a convenient way. STEEM wallet gives you a medium to save and store your STEEM coins, and you can trade and exchange STEEM with any other cryptocurrency supported by CoinSwitch.
STEEM cryptocurrency is used for the platform Steemit, which is a blockchain social media platform. The users create content on Steemit and get rewarded for the same. Like other cryptocurrencies, one does not need to hold STEEM in its crypto form. It has to be used either to buy Steem power and Steem dollars or be converted to Bitcoins. Each STEEM dollar is equivalent to 1 USD.
With the use of Steem dollars (SMD), the users are saved from the fluctuating exchange rate of Steem. SMD earn an interest rate of around 10% per annum. Steem power (SP) represents the power you possess inside the Steemit platform. The more the number of SP votes you have, the more value your votes have in the system.
If you are new to crypto trading, it's always advisable to learn about, what is Steem, it's benefits and indicative return on investment.