Arweave (AR) Hits Market Capitalization of $1.37 Billion

Arweave (AR) traded 0.8% lower against the US dollar during the one day period ending at 22:00 PM ET on August 7th. One Arweave coin can currently be purchased for about $20.83 or 0.00036329 BTC on popular cryptocurrency exchanges. In the last week, Arweave has traded 28.5% lower against the US dollar. Arweave has a total market capitalization of $1.37 billion and approximately $53.68 million worth of Arweave was traded on exchanges in the last day.

Here’s how related cryptocurrencies have performed in the last day:

• Bitcoin (BTC) traded up 0.9% against the dollar and now trades at $57,330.06 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded up 2.8% against the dollar and now trades at $328.79 or 0.00573506 BTC.
• Bitcoin SV (BSV) traded 6.5% higher against the dollar and now trades at $40.44 or 0.00070533 BTC.
• eCash (XEC) traded down 1.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 0% higher against the dollar and now trades at $0.0729 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. 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. Arweave’s official website is www.arweave.org. Arweave’s official message board is medium.com/@arweave.

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 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, Gemini or Coinbase. 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