Arweave (AR) Market Cap Reaches $1.10 Billion

Arweave (AR) traded up 4.7% against the US dollar during the 1 day period ending at 7:00 AM Eastern on October 29th. One Arweave coin can currently be purchased for about $16.72 or 0.00023517 BTC on major cryptocurrency exchanges. Arweave has a total market capitalization of $1.10 billion and $45.05 million worth of Arweave was traded on exchanges in the last day. Over the last week, Arweave has traded 9% lower against the US dollar.

Here is how other cryptocurrencies have performed over the last day:

• Bitcoin (BTC) traded 3.5% higher against the dollar and now trades at $71,102.50 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded 8.4% higher against the dollar and now trades at $382.46 or 0.00537814 BTC.
• Bitcoin SV (BSV) traded up 8.1% against the dollar and now trades at $51.27 or 0.00072094 BTC.
• eCash (XEC) traded up 5.1% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded down 1.1% against the dollar and now trades at $0.10 or 0.00000142 BTC.

About Arweave

Arweave (AR) 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. 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. 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.”

Arweave Coin Trading

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

AR/USD price chart by TradingView