Arweave Market Cap Tops $2.73 Billion (AR)

Arweave (AR) traded down 5.7% against the US dollar during the one day period ending at 22:00 PM Eastern on March 28th. One Arweave coin can currently be bought for about $41.70 or 0.00058924 BTC on cryptocurrency exchanges. Arweave has a total market cap of $2.73 billion and $119.49 million worth of Arweave was traded on exchanges in the last 24 hours. During the last week, Arweave has traded up 16.3% against the US dollar.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• Bitcoin (BTC) traded up 1.9% against the dollar and now trades at $70,766.93 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded 4.4% higher against the dollar and now trades at $567.02 or 0.00801266 BTC.
• Bitcoin SV (BSV) traded 6% higher against the dollar and now trades at $95.57 or 0.00135047 BTC.
• eCash (XEC) traded up 7.3% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Syscoin (SYS) traded 7.2% higher against the dollar and now trades at $0.28 or 0.00000400 BTC.

Arweave Coin Profile

Arweave (AR) 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 65,454,185 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 buy alternative cryptocurrencies such as Arweave directly using U.S. dollars. Investors seeking to trade Arweave should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Arweave using one of the aforementioned exchanges.

AR/USD price chart by TradingView