Arweave (AR) Market Cap Reaches $1.20 Billion

Arweave (AR) traded up 0.5% against the U.S. dollar during the 1 day period ending at 9:00 AM E.T. on October 25th. Arweave has a total market cap of $1.20 billion and $27.38 million worth of Arweave was traded on exchanges in the last 24 hours. One Arweave coin can currently be purchased for about $18.27 or 0.00026868 BTC on popular cryptocurrency exchanges. In the last week, Arweave has traded down 2.3% against the U.S. dollar.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

• Bitcoin (BTC) traded up 0.1% against the dollar and now trades at $68,010.39 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded 3.9% higher against the dollar and now trades at $371.45 or 0.00546218 BTC.
• Bitcoin SV (BSV) traded up 1.7% against the dollar and now trades at $48.35 or 0.00071098 BTC.
• eCash (XEC) traded 1.3% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded down 5% against the dollar and now trades at $0.11 or 0.00000156 BTC.

Arweave Coin Profile

AR is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. It launched on 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. The Reddit community for Arweave is https://reddit.com/r/arweave and the currency’s Github account can be viewed here. Arweave’s official website is www.arweave.org. Arweave’s official message board is medium.com/@arweave.

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 currently possible to purchase alternative cryptocurrencies such as Arweave directly using US dollars. Investors seeking to trade Arweave should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Arweave using one of the aforementioned exchanges.

AR/USD price chart by TradingView