Arweave (AR) One Day Trading Volume Reaches $54.14 Million

Arweave (AR) traded down 6% against the dollar during the 1-day period ending at 20:00 PM E.T. on February 18th. Arweave has a total market capitalization of $562.61 million and approximately $54.14 million worth of Arweave was traded on exchanges in the last 24 hours. Over the last seven days, Arweave has traded down 8.1% against the dollar. One Arweave coin can now be bought for approximately $8.57 or 0.00009004 BTC on exchanges.

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

• Bitcoin (BTC) traded down 1% against the dollar and now trades at $95,176.08 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded down 2.8% against the dollar and now trades at $314.02 or 0.00329938 BTC.
• Bitcoin SV (BSV) traded down 5.3% against the dollar and now trades at $37.17 or 0.00039050 BTC.
• eCash (XEC) traded down 2.7% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 5.1% lower against the dollar and now trades at $0.0670 or 0.00000070 BTC.

About Arweave

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

AR/USD price chart by TradingView