Arweave Market Cap Hits $2.14 Billion (AR)

Arweave (AR) traded 3.6% lower against the dollar during the twenty-four hour period ending at 14:00 PM Eastern on July 21st. One Arweave coin can now be bought for approximately $32.64 or 0.00049055 BTC on major cryptocurrency exchanges. Arweave has a total market cap of $2.14 billion and approximately $68.64 million worth of Arweave was traded on exchanges in the last day. In the last week, Arweave has traded up 34.5% against the dollar.

Here’s how other cryptocurrencies have performed in the last day:

• Bitcoin (BTC) traded 1.3% lower against the dollar and now trades at $66,541.33 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded down 3% against the dollar and now trades at $384.64 or 0.00578053 BTC.
• Bitcoin SV (BSV) traded 4% lower against the dollar and now trades at $45.82 or 0.00068857 BTC.
• eCash (XEC) traded 3.5% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded down 7% against the dollar and now trades at $0.11 or 0.00000166 BTC.

Arweave Profile

AR is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. It was first traded on July 13th, 2018. Arweave’s total supply is 65,652,466 coins. The Reddit community for Arweave is https://reddit.com/r/arweave and the currency’s Github account can be viewed here. Arweave’s official Twitter account is @arweaveeco and its Facebook page is accessible here. The official message board for Arweave is medium.com/@arweave. Arweave’s official website is www.arweave.org.

According to CryptoCompare, “Arweave (AR) is a decentralized storage network that provides permanent, immutable data storage. Founded in 2018 by Sam Williams and William Jones, the platform uses a modified version of blockchain, the “blockweave,” for everlasting data storage. Its key offering is the guarantee that data such as documents, apps, and valuable information will be preserved indefinitely, an invaluable feature for applications requiring data immutability and permanence. The AR token, Arweave’s native cryptocurrency, is an integral part of the network, enabling users to pay for storage and bandwidth, stake in consensus mechanisms, vote on network upgrades, tip content creators, and transact in the Arweave marketplace. This innovative data storage solution presents a sustainable, tamper-proof, and genuinely permanent data preservation alternative to traditional cloud services.”

Arweave Coin Trading

It is usually not presently possible to buy alternative cryptocurrencies such as Arweave directly using US dollars. Investors seeking to acquire Arweave should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Gemini or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Arweave using one of the exchanges listed above.

AR/USD price chart by TradingView