#Contest 03 || Find out the current price of Steem and SBD and convert to your local currency and USD by @rockanan

in Steem Magazine3 years ago

Greetings to all hope we are doing fine. For I am happy to take part in this contest of Steem and SBD organized by @steem.magazine.
For we all know that,Steem and SBD have prices which aren't fix. Today we can see it at it's highest and tomorrow at it's lowest,for in the past it had been in it's highest and today,I will be be giving/showing you all it's current price both in Steem and SBD using the coinmarketcap.com

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I will be giving my explanations into five different stages

STAGE 1

I go to one of my search browsers call chrome and I search on coinmarketcap.com which opens with a list of things where I click on the search bar to search on what I need and I can get any coin of my choice here.

Screenshot_20220328-061353_1.png

STAGE 2

SBD( Steem Dollars)
In my coinmarketcap.com I go to the search bar and search for SBD and we get this.

Screenshot_20220328-061422_1.png

STAGE 3

In this stage,I click on the SBD and it opens to a list of things which could be seen on the screenshots below that's the low rate,high rate and rank but I am more concern with the present price of SBD which is $4.86.

Screenshot_20220328-062023_1.png

STAGE 4

STEEM
I later on continue with the next step which is getting the price of steem. I click on my search bar in the coinmarketcap.com for steem.

Screenshot_20220328-070721_1.png

STAGE 5

I click on the Steem which opens and one is able to see the low rate,the high and the range on this list but my point of forcus is the current price of steem which is $0.4051 and can be approximated to $0.41.

Screenshot_20220328-062150_1.png

CALCULATIONS INVOLVING THE CONVERTION OF STEEM AND SBD INTO MY LOCAL CURRENCY

STEEM CALCULATION

I am a Cameroonian and I will be showing you all the price of 1steem in our currency and our currency is in FCFA.

Screenshot_20220328-071544_1.png

From above ,we all saw the value of Steem which was 1steem= $0.421 and present FCFA is 597.92 applying simple mathematics,1steem×1 FCFA will give us 0.41×597.92=245.1472 rounding it to 1steem= 245FCFA which is equivalent to 0.41USD

SBD CALCULATION
Steem dollars,USBD =4.86 applying simple mathematics we will have 4.86×597.92=2905.8912.
Rounding it up to 1SBD= 2906FCFA

Here's the end of my contest

I will like to invite @bongk,@wase1234,@ngamb and @rosita-nkefor to this contest.

Here's the link to the contest#CONTEST 03||Find out the current price of steem & SBD and convert to your local currency and USD

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I'm proud of you dear,you're improving greatly and I wish u the best.

 3 years ago 

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