Arweave Hits Market Capitalization of $1.11 Billion (AR)

Arweave (AR) traded up 4.6% against the US dollar during the twenty-four hour period ending at 19:00 PM Eastern on October 29th. Over the last week, Arweave has traded 8.5% lower against the US dollar. One Arweave coin can currently be purchased for about $16.93 or 0.00023347 BTC on major exchanges. Arweave has a total market cap of $1.11 billion and approximately $46.67 million worth of Arweave was traded on exchanges in the last 24 hours.

Here is how similar cryptocurrencies have performed over the last 24 hours:

• Bitcoin (BTC) traded 4% higher against the dollar and now trades at $72,573.45 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded 5.1% higher against the dollar and now trades at $385.37 or 0.00531433 BTC.
• Bitcoin SV (BSV) traded up 1.7% against the dollar and now trades at $51.86 or 0.00071521 BTC.
• eCash (XEC) traded 3.4% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 3.5% higher against the dollar and now trades at $0.10 or 0.00000143 BTC.

Arweave Coin Profile

Arweave is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. Its launch date was July 13th, 2018. Arweave’s total supply is 65,652,466 coins. The official message board for Arweave is medium.com/@arweave. 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.

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

AR/USD price chart by TradingView