Arweave (AR) Hits Market Capitalization of $2.65 Billion

Arweave (AR) traded down 1.5% against the US dollar during the 1 day period ending at 21:00 PM E.T. on May 24th. During the last seven days, Arweave has traded 15% lower against the US dollar. Arweave has a market capitalization of $2.65 billion and $70.13 million worth of Arweave was traded on exchanges in the last day. One Arweave coin can currently be purchased for approximately $40.50 or 0.00059094 BTC on popular cryptocurrency exchanges.

Here’s how similar cryptocurrencies have performed during the last day:

• Bitcoin (BTC) traded 1.1% higher against the dollar and now trades at $68,534.86 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded 0.4% higher against the dollar and now trades at $495.18 or 0.00722516 BTC.
• Bitcoin SV (BSV) traded down 0.8% against the dollar and now trades at $63.78 or 0.00093065 BTC.
• eCash (XEC) traded 1.1% higher 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 $0.19 or 0.00000272 BTC.

Arweave Profile

Arweave 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 message board for Arweave is medium.com/@arweave. Arweave’s official Twitter account is @arweaveeco and its Facebook page is accessible here. Arweave’s official website is www.arweave.org.

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 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 GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Arweave using one of the aforementioned exchanges.

AR/USD price chart by TradingView