The top 10 of the cryptocoins with the highest market capitalization has received the entry of a new member: Steem. Its main proposal is a social network based on a blockchain platform that allows users to create, evaluate and share content while receiving profits. Steem has exceeded this week the $ 300 million in capitalization by registering its price in the market over $ 4 per each STEEM, with which currently it is placed in the third position in the list of the most valued cryptocurrencies, surpassing more used and more supportive options such as Ripple, Litecoin, DASH and Lisk.
With a surprising increase in its price of over 1,000% in less than a week, Steem has placed itself before the eyes of all the cryptocurrency enthusiasts who wonder what makes this option so good compared to the rest. At CriptoNoticias we have made an evaluation with the intention of highlighting the characteristics of this cryptocurrency and thus better understand the reason for the extraordinary growth.
HOW TO BENEFIT WITH STEEM?
While the main incentive of the network is the creation and evaluation of content, it is also possible to benefit from practicing STEEM mining with the Proof-of-Work algorithm that requires the maintenance of a complete node to contribute to the development of the network .
Another way is by holding long-term currencies. STEEM is the cryptocurrency of the social network to carry out transactions and votes on the contents that have been shared on the network. By keeping the coins for a year or more, users receive periodic profits that incentivize them and protect their capital in cases of loss of value.
Similarly, by storing Steem Power in the long term, users can increase their power in the community since these currencies function as points of influence in the network. For lovers of buying and selling in exchange houses, Steem's cryptocurrencies can already be quoted in OpenLedger as in Bittrex.