Arweave (AR) Achieves Market Cap of $1.16 Billion

Arweave (AR) traded down 3.1% against the US dollar during the twenty-four hour period ending at 16:00 PM ET on October 25th. In the last week, Arweave has traded 6.5% lower against the US dollar. Arweave has a market capitalization of $1.16 billion and approximately $33.06 million worth of Arweave was traded on exchanges in the last 24 hours. One Arweave coin can now be bought for about $17.71 or 0.00026470 BTC on popular exchanges.

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

• Bitcoin (BTC) traded down 2.2% against the dollar and now trades at $66,892.92 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded down 0.8% against the dollar and now trades at $362.00 or 0.00540996 BTC.
• Bitcoin SV (BSV) traded down 2.2% against the dollar and now trades at $47.31 or 0.00070697 BTC.
• eCash (XEC) traded down 2.4% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 7.2% lower against the dollar and now trades at $0.10 or 0.00000152 BTC.

Arweave Profile

Arweave is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. Its launch date was July 13th, 2018. Arweave’s total supply is 65,652,466 coins. The official website for Arweave is www.arweave.org. The official message board for Arweave 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.”

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 Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Coinbase or Gemini. 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