Arweave Achieves Market Cap of $2.19 Billion (AR)

Arweave (AR) traded up 1.3% against the U.S. dollar during the one day period ending at 17:00 PM Eastern on April 4th. Arweave has a market cap of $2.19 billion and $57.89 million worth of Arweave was traded on exchanges in the last 24 hours. One Arweave coin can currently be bought for about $33.46 or 0.00049209 BTC on cryptocurrency exchanges. During the last seven days, Arweave has traded down 20% against the U.S. dollar.

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

• Bitcoin (BTC) traded up 3.5% against the dollar and now trades at $67,991.95 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded up 13.7% against the dollar and now trades at $645.44 or 0.00949295 BTC.
• Bitcoin SV (BSV) traded up 4.9% against the dollar and now trades at $95.04 or 0.00139782 BTC.
• eCash (XEC) traded 8.8% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Syscoin (SYS) traded 9.7% higher against the dollar and now trades at $0.29 or 0.00000426 BTC.

Arweave Profile

Arweave (AR) is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. It was first traded on July 13th, 2018. Arweave’s total supply is 65,454,185 coins. The official message board for Arweave is medium.com/@arweave. 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. 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 Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Arweave using one of the aforementioned exchanges.

AR/USD price chart by TradingView