The edge that pays for itself.
Steem (STEEM) Price
Steem Price
Technical Analysis
Daily indicators based on 1d candle data
Advantages of Cryptocurrency
Decentralization & Financial Freedom
Cryptocurrencies operate on decentralized networks, removing the need for intermediaries like banks. This enables peer-to-peer transactions, financial inclusion for the unbanked, and resistance to censorship or government control.
Transparency & Security
Blockchain technology provides an immutable, transparent ledger of all transactions. Cryptographic security makes it extremely difficult to counterfeit or double-spend, offering strong protection against fraud.
Global Accessibility
Anyone with an internet connection can send and receive cryptocurrency worldwide, 24/7, without geographic restrictions or banking hours. This is particularly valuable for international remittances.
Investment Potential
Cryptocurrencies have demonstrated significant long-term appreciation potential. Early investors in Bitcoin and Ethereum saw extraordinary returns, and the asset class offers portfolio diversification benefits.
Risks of Cryptocurrency
High Volatility
Cryptocurrency prices can fluctuate dramatically – often by 20–50% or more within short periods. This high volatility makes them inherently risky investments, and significant capital losses are possible.
Regulatory Uncertainty
The regulatory landscape for cryptocurrencies is still evolving globally. Sudden regulatory changes can significantly impact prices and accessibility, creating legal and compliance risks for investors and businesses.
Security Risks
Hacks, scams, and phishing attacks are prevalent in the crypto space. The irreversible nature of blockchain transactions means stolen funds are rarely recovered. Users must secure their private keys and wallets diligently.
Environmental Impact
Proof-of-Work cryptocurrencies like Bitcoin require substantial computational energy, raising environmental concerns. While the industry is transitioning toward more energy-efficient consensus mechanisms, the carbon footprint remains a significant criticism.
History of Cryptocurrency
The history of cryptocurrency begins with Bitcoin, introduced in 2009 by the pseudonymous Satoshi Nakamoto. The Bitcoin whitepaper, published in October 2008, proposed a peer-to-peer electronic cash system enabling online payments directly between parties without going through a financial institution.
Bitcoin's first recorded commercial transaction occurred in May 2010 when Laszlo Hanyecz paid 10,000 BTC for two pizzas – a transaction now celebrated annually as Bitcoin Pizza Day.
The Rise of Altcoins
Following Bitcoin's success, thousands of alternative cryptocurrencies (altcoins) emerged. Ethereum, launched in 2015 by Vitalik Buterin, introduced smart contracts – self-executing agreements coded into the blockchain – enabling decentralized applications (dApps) and decentralized finance (DeFi).
The ICO Boom and Market Crash
The years 2017–2018 saw an explosion of Initial Coin Offerings (ICOs), where new projects raised funds by selling tokens. Bitcoin reached nearly $20,000 in December 2017 before crashing dramatically in 2018, triggering a prolonged crypto winter.
Institutional Adoption
The 2020–2021 bull run saw unprecedented institutional interest, with companies like MicroStrategy and Tesla adding Bitcoin to their balance sheets. Bitcoin hit new all-time highs above $60,000. The launch of Bitcoin ETFs and growing regulatory clarity further legitimized the asset class.
DeFi, NFTs & Web3
Decentralized finance (DeFi) protocols, non-fungible tokens (NFTs), and the broader Web3 movement transformed the cryptocurrency landscape. Platforms like Uniswap, Aave, and OpenSea enabled entirely new financial and digital ownership models.
Today, the cryptocurrency market encompasses thousands of digital assets with a combined market capitalization in the trillions of dollars, representing a fundamental shift in how the world thinks about money, finance, and digital ownership.
Exchange
| Exchange | Market Pair | Price | Depth +2% | Depth -2% | Volume 24H | Volume % | Type | Liquidity Rating | Freshness |
|---|---|---|---|---|---|---|---|---|---|
| HTX | STEEM/USDT | 0.13 | 6,763.45 | 14,835.00 | 7.32 M | 0.38 | cex | 388.00 | 7/9/2025, 6:23 AM |
| Poloniex | STEEM/USDT | 0.13 | 11,388.01 | 17,991.35 | 3.23 M | 0.70 | cex | 194.00 | 7/9/2025, 6:23 AM |
| MEXC | STEEM/USDT | 0.13 | 40,984.13 | 151,176.27 | 1.18 M | 0.04 | cex | 463.00 | 7/9/2025, 6:18 AM |
| XXKK | STEEM/USDT | 0.13 | 57,994.34 | 143,133.73 | 1.17 M | 0.08 | cex | 51.00 | 7/9/2025, 6:21 AM |
| Upbit | STEEM/KRW | 0.13 | 12,402.12 | 133,243.18 | 720,509.35 | 0.08 | cex | 431.00 | 7/9/2025, 6:23 AM |
| Binance | STEEM/USDT | 0.13 | 59,334.68 | 148,408.85 | 714,322.62 | 0.01 | cex | 500.00 | 7/9/2025, 6:23 AM |
| Gate | STEEM/USDT | 0.13 | 31,866.73 | 33,419.78 | 560,140.06 | 0.02 | cex | 434.00 | 7/9/2025, 6:23 AM |
| Hotcoin | STEEM/USDT | 0.13 | 3,006.24 | 8,314.22 | 530,088.01 | 0.07 | cex | 276.00 | 7/9/2025, 6:23 AM |
| WhiteBIT | STEEM/USDT | 0.13 | 4,965.33 | 4,173.10 | 359,966.24 | 0.03 | cex | 217.00 | 7/9/2025, 6:18 AM |
| Bithumb | STEEM/KRW | 0.13 | 17,406.37 | 25,034.07 | 255,568.81 | 0.05 | cex | 303.00 | 7/9/2025, 6:20 AM |
Steem FAQ
Steem is a blockchain platform centered on community interaction, offering users immediate earning opportunities. This protocol is designed to reward individuals based on their contributions to the network, serving as a platform where users can publish curated content and receive cryptocurrency payments in return. This publicly accessible blockchain database incentivizes user interaction and engagement, blending elements of social media with cryptocurrency technology to deliver value to its users. The network implements a reward system that fairly compensates contributors based on their individual input and participation. Steemit, the inaugural application built on the Steem blockchain, was launched on July 4, 2016. The protocol seeks to deliver value to its community through several core objectives: - Providing a selection of carefully curated news and commentaries. - Creating earning opportunities for users. - Serving as a resource that offers solutions to users’ inquiries. - Offering a stable cryptocurrency pegged to the USD.
Ned Scott, in collaboration with blockchain developer Dan Larimer, introduced the inaugural application on the Steem blockchain in January, named Steemit. This application resembles other social networking apps but stands out by utilizing blockchain technology, thereby ensuring it is a decentralized and non-custodial platform. As a result, the network avoids the typical data-related issues encountered by conventional social media platforms.
Many traditional social media companies have generated substantial revenue from the content created by their users. However, Steem distinguishes itself by supporting its users through rewards for their valuable contributions to the platform. A unique feature of the network is its foundation on blockchain technology, making it the first of its kind. Consequently, it is non-custodial and decentralized, with no downtime or data abuse, ensuring that the platform's data is securely protected. Additionally, users receive payments in cryptocurrencies for their participation on the platform. Steem operates under a key principle: contributors to a venture should be compensated by the owners, akin to startups distributing shares during funding rounds. Another fundamental belief is to serve its community members by providing various financial services and opportunities.
**Token Economics** Unlike other blockchains where new coins are generated through mining, Steem allocates the majority of its coins (STEEM) to the rewards pool. STEEM serves as the main coin of the protocol. The rewards pool distributes tokens to users on the platform based on their contributions. Witnesses, who are block-creating accounts, add new blocks to the Steem blockchain every three seconds. Consequently, STEEM is produced by the network daily, and the new coins are distributed as follows: - Content curators and authors receive 75% of the newly created coins. - Users with Steem Power holdings (another form of Steem cryptocurrency) receive 15% of the coins. - The remaining 10% is granted to witnesses. Apart from STEEM, the other two cryptocurrencies within the Steem ecosystem are Steem Dollars (SBD) and Steem Power (SP).
Following its acquisition by Justin Sun, the founder of the Tron platform, Steem underwent a restructuring of its operations. Consequently, new blocks are no longer generated through mining, and the network has moved away from using proof-of-work. Instead of proof-of-work, the protocol appoints witnesses who are tasked with creating a block every three seconds. The Steem blockchain employs a delegated proof-of-stake mechanism to enhance transaction speed and scalability on the platform. Witnesses receive Steem Power as a reward for every block they create.
There are numerous cryptocurrency exchanges where users can acquire Steem tokens, SteemPower, or Steem Dollars (SBD), or even exchange them for local currencies. Users without accounts can purchase these through crypto exchanges such as Binance. Furthermore, STEEM and Steem Dollars can be effortlessly traded for bitcoin, which can subsequently be converted to fiat currencies. Click here to get more information about crypto on the Eulerpool blog.
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