Arweave (AR) Reaches Market Cap of $1.76 Billion

Arweave (AR) traded up 8.7% against the US dollar during the twenty-four hour period ending at 12:00 PM Eastern on April 19th. Arweave has a total market cap of $1.76 billion and approximately $83.08 million worth of Arweave was traded on exchanges in the last 24 hours. One Arweave coin can now be bought for about $26.91 or 0.00041729 BTC on popular cryptocurrency exchanges. Over the last seven days, Arweave has traded 4.1% lower against the US dollar.

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

• Bitcoin (BTC) traded up 1% against the dollar and now trades at $64,497.29 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded down 1.1% against the dollar and now trades at $478.74 or 0.00742266 BTC.
• Bitcoin SV (BSV) traded down 1% against the dollar and now trades at $66.40 or 0.00102953 BTC.
• eCash (XEC) traded 0.8% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Syscoin (SYS) traded up 6.4% against the dollar and now trades at $0.23 or 0.00000354 BTC.

Arweave Profile

Arweave (CRYPTO:AR) is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. Its launch date was 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. Arweave’s official Twitter account is @arweaveeco and its Facebook page is accessible here. Arweave’s official message board is medium.com/@arweave. The official website for Arweave is www.arweave.org.

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 US dollars. Investors seeking to acquire Arweave should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Coinbase or Changelly. 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