Arweave (AR) Price Hits $1.73 on Major Exchanges

Arweave (AR) traded 5.7% lower against the US dollar during the twenty-four hour period ending at 7:00 AM ET on February 25th. Arweave has a total market cap of $113,248,108.85 trillion and approximately $26.54 million worth of Arweave was traded on exchanges in the last day. One Arweave coin can now be purchased for $1.73 or 0.00002639 BTC on major cryptocurrency exchanges. Over the last week, Arweave has traded down 15.5% against the US dollar.

Here’s how similar cryptocurrencies have performed over the last day:

• Bitcoin (BTC) traded up 4% against the dollar and now trades at $65,423.14 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded up 2% against the dollar and now trades at $487.42 or 0.00744917 BTC.
• Bitcoin SV (BSV) traded up 8.2% against the dollar and now trades at $16.07 or 0.00024561 BTC.
• eCash (XEC) traded 3.5% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 4.5% higher against the dollar and now trades at $0.0111 or 0.00000017 BTC.

About Arweave

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 65,652,466 coins and its circulating supply is 9,223,372,036,854,775,807 coins. Arweave’s official message board is medium.com/@arweave. 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 website 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 possible to buy alternative cryptocurrencies such as Arweave directly using US dollars. Investors seeking to acquire Arweave should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Changelly or Gemini. 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