Arweave (AR) Price Reaches $29.09 on Top Exchanges

Arweave (AR) traded 10.9% higher against the US dollar during the 24 hour period ending at 7:00 AM Eastern on April 20th. One Arweave coin can currently be purchased for about $29.09 or 0.00045745 BTC on exchanges. Arweave has a market capitalization of $1.90 billion and approximately $100.49 million worth of Arweave was traded on exchanges in the last day. During the last week, Arweave has traded up 5.7% against the US dollar.

Here’s how other cryptocurrencies have performed during the last day:

• Bitcoin (BTC) traded 1.8% lower against the dollar and now trades at $63,594.33 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded down 0.6% against the dollar and now trades at $480.83 or 0.00756089 BTC.
• Bitcoin SV (BSV) traded 1.2% lower against the dollar and now trades at $66.25 or 0.00104171 BTC.
• eCash (XEC) traded 0.1% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Syscoin (SYS) traded up 20.7% against the dollar and now trades at $0.27 or 0.00000425 BTC.

Arweave Profile

Arweave is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. It launched on July 13th, 2018. Arweave’s total supply is 65,454,185 coins. Arweave’s official Twitter account is @arweaveeco and its Facebook page is accessible here. The official website for Arweave is www.arweave.org. The official message board for Arweave 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.

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

AR/USD price chart by TradingView