Steem Dollars Price Reaches $3.13 on Exchanges (CRYPTO:SBD)

Steem Dollars (CURRENCY:SBD) traded up 9.6% against the U.S. dollar during the 1 day period ending at 19:00 PM Eastern on January 30th. Steem Dollars has a total market capitalization of $25.94 million and $21.19 million worth of Steem Dollars was traded on exchanges in the last day. One Steem Dollars coin can currently be bought for $3.13 or 0.00041156 BTC on exchanges including Poloniex, OpenLedger DEX, Tidex and HitBTC. During the last seven days, Steem Dollars has traded down 40.7% against the U.S. dollar.

Here is how similar cryptocurrencies have performed during the last day:

• Bitcoin (BTC) traded up 10.2% against the dollar and now trades at $7,641.49 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded 6.1% higher against the dollar and now trades at $953.10 or 0.12538300 BTC.
• Steem (STEEM) traded up 14% against the dollar and now trades at $3.71 or 0.00048832 BTC.
• Emercoin (EMC) traded up 19.1% against the dollar and now trades at $3.00 or 0.00039521 BTC.
• Experience Points (XP) traded 10.1% higher against the dollar and now trades at $0.0005 or 0.00000007 BTC.
• BitcoinDark (BTCD) traded up 11.8% against the dollar and now trades at $86.07 or 0.01132310 BTC.
• Peercoin (PPC) traded up 16.2% against the dollar and now trades at $3.23 or 0.00042548 BTC.
• PACcoin (PAC) traded up 25.5% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Counterparty (XCP) traded up 19.8% against the dollar and now trades at $26.91 or 0.00354056 BTC.
• BitBean (BITB) traded down 1.5% against the dollar and now trades at $0.0255 or 0.00000172 BTC.

Steem Dollars Coin Profile

SBD is a coin. It was first traded on June 4th, 2016. Steem Dollars’ total supply is 8,290,925 coins. The Reddit community for Steem Dollars is /r/steemit and the currency’s Github account can be viewed here. Steem Dollars’ official website is steem.io. The official message board for Steem Dollars is steemit.com/@steemitblog. Steem Dollars’ official Twitter account is @steemit and its Facebook page is accessible here.

According to CryptoCompare, “Steem Backed Dollars or simply Steem Dollars are stable value pegged assets issued in the Steem.it platform. SBD are pegged to the value of the USD and can be redeemed on the Steem.it platform for about one dollar worth of Steem. When Content creators receive rewards on the Steem.it platform they are made available in 50% Steem Power, which can be redeemed continuously over a period of 104 weeks, and 50% SBD which can be fully redeemed for Steem in a 5 day period. SBD can also be transfered on the Steem Platform and can be exchanged outside of the Platform. “

Steem Dollars Coin Trading

Steem Dollars can be traded on these cryptocurrency exchanges: Bittrex, Tidex, HitBTC, OpenLedger DEX and Poloniex. It is not currently possible to purchase Steem Dollars directly using US dollars. Investors seeking to acquire Steem Dollars must first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Steem Dollars using one of the exchanges listed above.