Arweave Reaches 24 Hour Volume of $30.11 Million (AR)

Arweave (AR) traded down 2.2% against the dollar during the 1-day period ending at 14:00 PM Eastern on August 17th. In the last seven days, Arweave has traded down 1.1% against the dollar. Arweave has a market capitalization of $1.40 billion and $30.11 million worth of Arweave was traded on exchanges in the last day. One Arweave coin can currently be purchased for approximately $21.33 or 0.00035865 BTC on major cryptocurrency exchanges.

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

• Bitcoin (BTC) traded 0.3% higher against the dollar and now trades at $59,470.24 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded up 1.2% against the dollar and now trades at $342.58 or 0.00576056 BTC.
• Bitcoin SV (BSV) traded down 1% against the dollar and now trades at $42.61 or 0.00071654 BTC.
• eCash (XEC) traded down 2.8% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded up 7.3% against the dollar and now trades at $0.0763 or 0.00000128 BTC.

Arweave Coin 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 website is www.arweave.org. 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.

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 US dollars. Investors seeking to acquire Arweave should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, GDAX or Gemini. 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