Steem Coin Analysis and Markets in 2020

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Last modified on 11. October 2020

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Quarters

Quick Facts

Steem is a relatively large cryptocurrency. It had a market capitalization of over US$ 62 million on 1 October 2020, accounting for about 0.018 percent of the digital currency market.¹^|2 It also has the ticker symbol STEEM, so the same but in capital letters.

The user known as bytemaster launched Steem on 9 May 2016 via bitcointalk.org. coinmarketcap.com subsequently launched the collection of real-time trading data in May 2016.

steemit.com

Quarterly Averages

This section presents the quarterly averages (trimester) for trading volume, market capitalization and trading price for 2017, 2018, 2019 and 2020.

Trading Volume & Market Capitalization

For example, the average trading volume of Steem during the first trimester of 2019 was nearly US$ 3.6 m per day. This figure came to nearly US$ 36.9 m during the same time frame in the previous year. The trading volume dropped by 90.4 percent accordingly.

For the first trimester of 2019, the average market capitalization was nearly US$ 113 m. This figure came to over US$ 994 m during the same period in 2018. The corresponding drop down in market capitalization was 88.7 percent.

Trading Price

The average trading price in the first trimester of 2019 was nearly US$ 0.38. In the same time frame of 2018, this figure came to just under US$ 4.32. The price retraced accordingly by 91.3 percent.

The all-time high of Steem in 2018

Steem Price analysis generated by coindashboards.com — Price analysis for the most important moments in Steem’s trading history (STEEM)

The Steem currency reached a peak in January 2018 at US$ 8.57. At this trading price, the coin reached a market capitalization of nearly two billion US dollars. This put Steem around certain other digital currencies, such as Lisk, BitShares, Status, Verge and OMG Network, among others.

Steems all-time high compared to Bitcoin and the most renowned companies worldwide

Bitcoin, by far the largest cryptocurrency at the time, had a market capitalization of US$ 255 billion on that day. Apple Inc., one of the most highly valued brands in the world, stood at US$ 876 billion. And Volkswagen AG, the world’s largest vehicle manufacturer as of 2018, at US$ 103 billion.

Steem (STEEM): 2 bn US dollars
Bitcoin (BTC): 255 bn US dollars
Apple (AAPL): 876 bn US dollars
VW (VWAGY): 103 bn US dollars
Date: 3 January 2018

March 2019: an interesting date following the big cryptocurrency crash

On 1 March 2019, the price of Steem stood at just under US$ 0.43 with a market capitalization of over US$ 123 million. This is a retracement down to approximately 5 percent compared with the highest trading price stated above.

Bitcoin dropped down to approximately 19.5 and Ethereum to about 9.7 percent of their all-time-high trading prices around that time.

More Details

The Steem-Coin is not created via mining. It has no maximum number of coins, unlike TRON, for example. If you are interested in the source code, be sure to also visit the GitHub page.

This block explorer can be used to track the current block height and other recently updated statistics around all Steem transactions.

To learn more about Steem, download the white paper or find more links to community forums, source code and social media accounts, visit steemit.com.

Markets

Steem Market analysis generated by coindashboards.com — Markets on which Steem (STEEM) can be traded

EUR

One trading platform for buying or selling Steem in EUR is Bitvavo.

USD

There are a number of platforms where you can buy or sell Steem, including MXC (MoCha), Huobi Global and Huobi Russia, among others.

BTC

A large market for buying or selling Steem in BTC is Binance. Additional trading platforms for buying or selling Steem in BTC are VCC Exchange, HitBTC and Bittrex, among others.

^{1. Or 0.0419 percent, if omitting Bitcoin.}

^{2. Read about our sources}