Trading analysis of STEEM in 2024
In 2024, Steem (STEEM) experienced notable fluctuations in both price and trading volume.
Throughout the year, STEEM's price ranged from approximately $0.15 to $0.63. Early in the year, the price was around $0.15, and by the end of 2024, it had risen to approximately $0.30, indicating a potential gain of about 40.64% over the year.
Trading volumes also varied significantly, with 24-hour volumes ranging from $26 million to over $537 million, reflecting varying levels of market activity and investor interest.
Overall, STEEM's market capitalization remained relatively modest compared to major cryptocurrencies, with a market cap of approximately $106 million as of November 6, 2024.
These trends highlight the volatility and dynamic nature of the cryptocurrency market, emphasizing the importance of thorough research and risk assessment for potential investors.
