Arweave (AR) Price Tops $17.20 on Exchanges

Arweave (AR) traded up 11.4% against the dollar during the one day period ending at 13:00 PM E.T. on October 29th. During the last seven days, Arweave has traded 5.6% lower against the dollar. One Arweave coin can now be purchased for $17.20 or 0.00023607 BTC on major exchanges. Arweave has a total market capitalization of $1.13 billion and approximately $46.86 million worth of Arweave was traded on exchanges in the last 24 hours.

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

• Bitcoin (BTC) traded up 5.4% against the dollar and now trades at $72,767.44 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded 7% higher against the dollar and now trades at $386.49 or 0.00530359 BTC.
• Bitcoin SV (BSV) traded up 5.2% against the dollar and now trades at $52.77 or 0.00072411 BTC.
• eCash (XEC) traded 6.1% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 6.1% higher against the dollar and now trades at $0.10 or 0.00000143 BTC.

About Arweave

Arweave (AR) 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 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. 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 buy alternative cryptocurrencies such as Arweave directly using US dollars. Investors seeking to trade Arweave should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Changelly 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