Arweave Hits Market Cap of $1.16 Billion (AR)

Arweave (AR) traded up 1.3% against the US dollar during the twenty-four hour period ending at 12:00 PM ET on January 17th. Arweave has a market capitalization of $1.16 billion and $51.67 million worth of Arweave was traded on exchanges in the last 24 hours. One Arweave coin can currently be bought for approximately $17.68 or 0.00016873 BTC on major exchanges. During the last seven days, Arweave has traded up 12.4% against the US dollar.

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

• Bitcoin (BTC) traded up 4.6% against the dollar and now trades at $104,814.65 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded up 4.9% against the dollar and now trades at $486.40 or 0.00464054 BTC.
• Bitcoin SV (BSV) traded 2.2% higher against the dollar and now trades at $58.68 or 0.00055982 BTC.
• eCash (XEC) traded 1.6% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded up 7.6% against the dollar and now trades at $0.12 or 0.00000112 BTC.

About Arweave

Arweave 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. The Reddit community for Arweave is https://reddit.com/r/arweave and the currency’s Github account can be viewed here. The official website for Arweave is www.arweave.org. Arweave’s official Twitter account is @arweaveeco and its Facebook page is accessible here. The official message board for Arweave 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 possible to purchase alternative cryptocurrencies such as Arweave directly using U.S. dollars. Investors seeking to trade Arweave should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Arweave using one of the aforementioned exchanges.

AR/USD price chart by TradingView