Arweave Reaches Market Capitalization of $1.20 Billion (AR)

Arweave (AR) traded 1.1% higher against the U.S. dollar during the twenty-four hour period ending at 21:00 PM ET on October 24th. During the last seven days, Arweave has traded 3.7% lower against the U.S. dollar. Arweave has a market capitalization of $1.20 billion and approximately $24.33 million worth of Arweave was traded on exchanges in the last 24 hours. One Arweave coin can currently be bought for $18.21 or 0.00026836 BTC on popular exchanges.

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

• Bitcoin (BTC) traded up 1.1% against the dollar and now trades at $67,865.96 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded 3.2% higher against the dollar and now trades at $364.85 or 0.00537600 BTC.
• Bitcoin SV (BSV) traded 1.9% higher against the dollar and now trades at $48.18 or 0.00070987 BTC.
• eCash (XEC) traded up 0.1% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded up 6.9% against the dollar and now trades at $0.11 or 0.00000160 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 65,652,466 coins. 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 website for Arweave is www.arweave.org. 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 Coinbase, Changelly or GDAX. 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