Arweave Price Hits $20.48 on Exchanges (AR)

Arweave (AR) traded up 9% against the U.S. dollar during the 1 day period ending at 0:00 AM ET on August 5th. Arweave has a total market capitalization of $1.34 billion and approximately $161.31 million worth of Arweave was traded on exchanges in the last day. Over the last week, Arweave has traded down 33.7% against the U.S. dollar. One Arweave coin can currently be bought for about $20.48 or 0.00036766 BTC on exchanges.

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

• Bitcoin (BTC) traded 2.6% higher against the dollar and now trades at $55,703.41 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded up 7.3% against the dollar and now trades at $321.54 or 0.00577227 BTC.
• Bitcoin SV (BSV) traded 5.2% higher against the dollar and now trades at $37.53 or 0.00067374 BTC.
• eCash (XEC) traded 6% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded up 3.5% against the dollar and now trades at $0.0706 or 0.00000127 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 Reddit community for Arweave is https://reddit.com/r/arweave and the currency’s Github account can be viewed here. 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.

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 trade Arweave should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Coinbase or Changelly. 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