Arweave (AR) Hits Market Cap of $1.65 Billion

Arweave (AR) traded 14.2% higher against the dollar during the 24-hour period ending at 10:00 AM E.T. on November 30th. Arweave has a total market capitalization of $1.65 billion and approximately $337.49 million worth of Arweave was traded on exchanges in the last 24 hours. During the last week, Arweave has traded 10.7% higher against the dollar. One Arweave coin can now be bought for about $25.20 or 0.00026072 BTC on major exchanges.

Here is how other cryptocurrencies have performed during the last 24 hours:

• Bitcoin (BTC) traded down 1.5% against the dollar and now trades at $96,663.83 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded up 0.4% against the dollar and now trades at $524.14 or 0.00542317 BTC.
• Bitcoin SV (BSV) traded down 0.2% against the dollar and now trades at $71.15 or 0.00073614 BTC.
• eCash (XEC) traded 0.7% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 7.1% higher against the dollar and now trades at $0.14 or 0.00000148 BTC.

Arweave Coin Profile

Arweave is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. Its genesis date was 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.”

Buying and Selling Arweave

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 Gemini, GDAX or Changelly. 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