Arweave (AR) Trading Down 12.7% Over Last 7 Days

Arweave (AR) traded up 0.9% against the dollar during the twenty-four hour period ending at 18:00 PM Eastern on July 10th. One Arweave coin can now be purchased for $22.59 or 0.00039087 BTC on major exchanges. Arweave has a market capitalization of $1.48 billion and $41.42 million worth of Arweave was traded on exchanges in the last day. During the last seven days, Arweave has traded down 12.7% against the dollar.

Here is how related cryptocurrencies have performed during the last day:

• Bitcoin (BTC) traded down 0.1% against the dollar and now trades at $57,799.78 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded up 2.4% against the dollar and now trades at $338.38 or 0.00585429 BTC.
• Bitcoin SV (BSV) traded 2% higher against the dollar and now trades at $38.00 or 0.00065752 BTC.
• eCash (XEC) traded 6.4% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded down 0.3% against the dollar and now trades at $0.11 or 0.00000182 BTC.

Arweave Coin Profile

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 official website for Arweave is www.arweave.org. Arweave’s official message board is medium.com/@arweave. 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.

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 US dollars. Investors seeking to acquire Arweave should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, 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