Arweave (AR) Price Down 28% This Week

Arweave (AR) traded 6.6% lower against the dollar during the 1 day period ending at 17:00 PM ET on August 3rd. One Arweave coin can now be bought for about $22.78 or 0.00038006 BTC on cryptocurrency exchanges. Arweave has a market capitalization of $1.50 billion and approximately $57.94 million worth of Arweave was traded on exchanges in the last day. During the last week, Arweave has traded down 28% against the dollar.

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

• Bitcoin (BTC) traded 2.4% lower against the dollar and now trades at $59,939.42 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded down 8.9% against the dollar and now trades at $358.23 or 0.00597661 BTC.
• Bitcoin SV (BSV) traded down 5% against the dollar and now trades at $42.13 or 0.00070292 BTC.
• eCash (XEC) traded down 4% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded down 3.3% against the dollar and now trades at $0.0811 or 0.00000135 BTC.

Arweave Coin 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 Reddit community for Arweave is https://reddit.com/r/arweave and the currency’s Github account can be viewed here. Arweave’s official Twitter account is @arweaveeco and its Facebook page is accessible here. Arweave’s official message board is medium.com/@arweave. 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.”

Arweave Coin Trading

It is usually not currently possible to purchase alternative cryptocurrencies such as Arweave directly using U.S. dollars. Investors seeking to acquire Arweave should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Arweave using one of the aforementioned exchanges.

AR/USD price chart by TradingView