Arweave (AR) Reaches 24 Hour Volume of $68.20 Million

Arweave (AR) traded down 13.7% against the dollar during the 24 hour period ending at 11:00 AM E.T. on October 26th. One Arweave coin can now be bought for about $15.82 or 0.00023709 BTC on exchanges. Arweave has a total market capitalization of $1.04 billion and $68.20 million worth of Arweave was traded on exchanges in the last 24 hours. During the last week, Arweave has traded 15.8% lower against the dollar.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• Bitcoin (BTC) traded 1.2% lower against the dollar and now trades at $66,722.19 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded 6% lower against the dollar and now trades at $347.71 or 0.00521126 BTC.
• Bitcoin SV (BSV) traded 7.4% lower against the dollar and now trades at $45.03 or 0.00067485 BTC.
• eCash (XEC) traded 7% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded down 9.4% against the dollar and now trades at $0.0960 or 0.00000144 BTC.

Arweave Coin Profile

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

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.”

Buying and Selling Arweave

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

AR/USD price chart by TradingView