Arweave Reaches Market Cap of $2.17 Billion (AR)

Arweave (AR) traded down 0.5% against the U.S. dollar during the 24-hour period ending at 9:00 AM Eastern on April 22nd. One Arweave coin can now be purchased for about $33.13 or 0.00050253 BTC on exchanges. During the last seven days, Arweave has traded 17.2% higher against the U.S. dollar. Arweave has a total market capitalization of $2.17 billion and approximately $92.95 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 2% against the dollar and now trades at $65,886.59 or 1.00000000 BTC.
  • Bitcoin Cash (BCH) traded down 0.6% against the dollar and now trades at $509.69 or 0.00773099 BTC.
  • Bitcoin SV (BSV) traded up 1.7% against the dollar and now trades at $71.39 or 0.00108288 BTC.
  • eCash (XEC) traded 1.1% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
  • Syscoin (SYS) traded 1.9% lower against the dollar and now trades at $0.25 or 0.00000378 BTC.

Arweave Coin Profile

Arweave (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 65,454,185 coins. The Reddit community for Arweave is https://reddit.com/r/arweave and the currency’s Github account can be viewed here. The official website for Arweave is www.arweave.org. Arweave’s official message board is medium.com/@arweave. 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 currently possible to purchase alternative cryptocurrencies such as Arweave directly using US dollars. Investors seeking to trade Arweave should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Arweave using one of the aforementioned exchanges.

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