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Steem Dollars is a virtual currency (cryptocurrency) traded online that enables payments through peer-to-peer transactions, with low cost and secure processing.
The current price of Steem Dollars is $0.49.
In the last 24 hours, the total trading volume of Steem Dollars reached $1.48 Million, while its current market capitalization stands at $4.84 Millions.
Over the past 12 months, the lowest price recorded in U.S. dollars was $ 0.58, whereas the highest during the same period was $ 0.43.
Based on historical performance, an investment of $1,000 in Steem Dollars one year ago would be worth approximately $9.12 today.
Steem Dollars operates on blockchain technology, which establishes a decentralized network of participants capable of processing and storing data in a distributed manner. This ensures transparency, security, and resilience of the transaction system.
How and where to buy Steem Dollars?
The primary way to acquire Steem Dollars is through cryptocurrency exchanges. These platforms, similar in structure to stock exchanges, act as digital marketplaces where users can buy and sell crypto assets.
Mining Steem Dollars is also an alternative method of acquisition. However, this practice has become increasingly less viable for retail investors, as mining activity is now largely concentrated in large-scale mining farms, reducing the return of small or individual operations.
