Arweave (AR) Price Hits $20.90

Arweave (AR) traded 1.3% lower against the US dollar during the twenty-four hour period ending at 20:00 PM Eastern on August 15th. Arweave has a market capitalization of $1.37 billion and approximately $47.49 million worth of Arweave was traded on exchanges in the last day. One Arweave coin can now be purchased for about $20.90 or 0.00036342 BTC on popular cryptocurrency exchanges. In the last week, Arweave has traded down 7% against the US dollar.

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

• Bitcoin (BTC) traded 2.3% lower against the dollar and now trades at $57,496.62 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded 1.2% lower against the dollar and now trades at $334.82 or 0.00582323 BTC.
• Bitcoin SV (BSV) traded 0.3% lower against the dollar and now trades at $43.21 or 0.00075147 BTC.
• eCash (XEC) traded down 3.5% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 4.7% lower against the dollar and now trades at $0.0697 or 0.00000121 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. Arweave’s official Twitter account is @arweaveeco and its Facebook page is accessible here. The official message board for Arweave is medium.com/@arweave. 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.

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 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 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