Arweave (AR) Achieves Market Capitalization of $969.45 Million

Arweave (AR) traded up 11% against the US dollar during the 1-day period ending at 0:00 AM ET on November 5th. One Arweave coin can currently be purchased for about $14.77 or 0.00019827 BTC on major cryptocurrency exchanges. Arweave has a total market cap of $969.45 million and approximately $66.54 million worth of Arweave was traded on exchanges in the last day. In the last seven days, Arweave has traded 12.2% lower against the US dollar.

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

• Bitcoin (BTC) traded up 9% against the dollar and now trades at $74,475.30 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded 13% higher against the dollar and now trades at $378.08 or 0.00507662 BTC.
• Bitcoin SV (BSV) traded up 10.5% against the dollar and now trades at $50.97 or 0.00068437 BTC.
• eCash (XEC) traded up 9.9% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 11.1% higher against the dollar and now trades at $0.0950 or 0.00000128 BTC.

Arweave Profile

AR is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. It was first traded on July 13th, 2018. Arweave’s total supply is 65,652,466 coins. The official website for Arweave 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. Arweave’s official message board 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 presently possible to buy alternative cryptocurrencies such as Arweave directly using U.S. dollars. Investors seeking to trade Arweave should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Arweave using one of the exchanges listed above.

AR/USD price chart by TradingView