Steem Dollars (SBD) Price Reaches $7.04 on Top Exchanges

Steem Dollars (CURRENCY:SBD) traded up 7.2% against the U.S. dollar during the 24 hour period ending at 12:00 PM E.T. on January 24th. During the last week, Steem Dollars has traded 103.6% higher against the U.S. dollar. Steem Dollars has a total market cap of $49.11 million and approximately $129.88 million worth of Steem Dollars was traded on exchanges in the last day. One Steem Dollars coin can now be bought for about $7.04 or 0.00063596 BTC on popular exchanges including OpenLedger DEX, Bittrex, Tidex and Poloniex.

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

Bitcoin (BTC) traded down 1.2% against the dollar and now trades at $11,114.60 or 1.00000000 BTC.
Bitcoin Cash (BCH) traded down 3.5% against the dollar and now trades at $1,614.80 or 0.14582100 BTC.
Steem (STEEM) traded up 18.3% against the dollar and now trades at $5.27 or 0.00047577 BTC.
Experience Points (XP) traded down 3.7% against the dollar and now trades at $0.0012 or 0.00000011 BTC.
Emercoin (EMC) traded down 9.6% against the dollar and now trades at $5.83 or 0.00052624 BTC.
BitcoinDark (BTCD) traded down 5.5% against the dollar and now trades at $163.08 or 0.01472680 BTC.
PACcoin (PAC) traded 19% lower against the dollar and now trades at $0.0001 or 0.00000001 BTC.
Counterparty (XCP) traded up 0.9% against the dollar and now trades at $58.88 or 0.00531685 BTC.
Peercoin (PPC) traded down 1.1% against the dollar and now trades at $5.02 or 0.00045298 BTC.
Crown (CRW) traded 4.9% lower against the dollar and now trades at $3.55 or 0.00032031 BTC.
Steem Dollars Coin Profile

Steem Dollars (SBD) is a coin. It launched on June 4th, 2016. Steem Dollars’ total supply is 6,973,293 coins. The Reddit community for Steem Dollars is /r/steemit and the currency’s Github account can be viewed here. Steem Dollars’ official Twitter account is @steemit and its Facebook page is accessible here. Steem Dollars’ official website is steem.io. The official message board for Steem Dollars is steemit.com/@steemitblog.

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. “

Buying and Selling Steem Dollars

Steem Dollars can be traded on the following cryptocurrency exchanges: Poloniex, Bittrex, HitBTC, OpenLedger DEX and Tidex. It is not presently 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 Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Steem Dollars using one of the exchanges listed above.

Link to original article by Rob Logan :https://ledgergazette.com/2018/01/24/steem-dollars-sbd-price-reaches-7-04-on-top-exchanges.html