Arweave (AR) Reaches Market Cap of $1.04 Billion

Arweave (AR) traded 0.8% lower against the U.S. dollar during the 24-hour period ending at 11:00 AM Eastern on January 9th. In the last week, Arweave has traded down 10.2% against the U.S. dollar. Arweave has a market cap of $1.04 billion and $97.12 million worth of Arweave was traded on exchanges in the last 24 hours. One Arweave coin can currently be purchased for $15.79 or 0.00016717 BTC on cryptocurrency exchanges.

Here’s how other cryptocurrencies have performed in the last 24 hours:

• Bitcoin (BTC) traded down 0.9% against the dollar and now trades at $94,447.60 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded 1.4% lower against the dollar and now trades at $430.78 or 0.00456110 BTC.
• Bitcoin SV (BSV) traded up 0.4% against the dollar and now trades at $52.95 or 0.00056058 BTC.
• eCash (XEC) traded up 4.7% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded up 0.9% against the dollar and now trades at $0.11 or 0.00000117 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 65,652,466 coins. 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. 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 presently 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, Gemini 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