Arweave (AR) Reaches One Day Volume of $139.77 Million

Arweave (AR) traded down 9.9% against the US dollar during the one day period ending at 22:00 PM ET on May 7th. During the last week, Arweave has traded up 26.4% against the US dollar. One Arweave coin can currently be purchased for about $38.22 or 0.00060979 BTC on cryptocurrency exchanges. Arweave has a total market cap of $2.50 billion and $139.77 million worth of Arweave was traded on exchanges in the last 24 hours.

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

• Bitcoin (BTC) traded down 1.7% against the dollar and now trades at $62,695.52 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded down 2.3% against the dollar and now trades at $468.07 or 0.00746843 BTC.
• Bitcoin SV (BSV) traded 2.4% lower against the dollar and now trades at $63.31 or 0.00101018 BTC.
• eCash (XEC) traded down 4% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 6% lower against the dollar and now trades at $0.19 or 0.00000304 BTC.

Arweave 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 Reddit community for Arweave is https://reddit.com/r/arweave and the currency’s Github account can be viewed here. The official website for Arweave is www.arweave.org. Arweave’s official Twitter account is @arweaveeco and its Facebook page is accessible here. The official message board for Arweave is medium.com/@arweave.

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 US dollars. Investors seeking to acquire Arweave should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Arweave using one of the exchanges listed above.

AR/USD price chart by TradingView