Arweave Trading Down 13.6% This Week (AR)

Arweave (AR) traded 0.2% higher against the U.S. dollar during the 24 hour period ending at 10:00 AM ET on March 2nd. One Arweave coin can now be purchased for $8.03 or 0.00009432 BTC on popular exchanges. Arweave has a total market capitalization of $527.36 million and approximately $24.13 million worth of Arweave was traded on exchanges in the last 24 hours. In the last seven days, Arweave has traded 13.6% lower against the U.S. dollar.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

• Bitcoin (BTC) traded up 4.2% against the dollar and now trades at $85,162.20 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded 1.9% higher against the dollar and now trades at $315.85 or 0.00370882 BTC.
• Bitcoin SV (BSV) traded down 0.1% against the dollar and now trades at $34.40 or 0.00040399 BTC.
• eCash (XEC) traded 0.4% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded up 1.1% against the dollar and now trades at $0.0599 or 0.00000070 BTC.

Arweave Profile

Arweave (CRYPTO:AR) 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. The official message board for Arweave is medium.com/@arweave. The official website for Arweave 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. 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 possible to purchase alternative cryptocurrencies such as Arweave directly using U.S. dollars. Investors seeking to trade Arweave should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Arweave using one of the exchanges listed above.

AR/USD price chart by TradingView