Arweave (AR) Price Tops $2.16 on Exchanges

Arweave (AR) traded up 2.7% against the dollar during the 1-day period ending at 7:00 AM ET on May 20th. One Arweave coin can currently be purchased for $2.16 or 0.00002789 BTC on exchanges. Arweave has a total market capitalization of $141,737,282.35 trillion and approximately $15.58 million worth of Arweave was traded on exchanges in the last day. Over the last week, Arweave has traded down 9.3% against the dollar.

Here is how similar cryptocurrencies have performed over the last day:

• Bitcoin (BTC) traded up 1% against the dollar and now trades at $77,458.91 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded down 1.3% against the dollar and now trades at $368.41 or 0.00475617 BTC.
• Bitcoin SV (BSV) traded 0.5% lower against the dollar and now trades at $14.87 or 0.00019194 BTC.
• eCash (XEC) traded 0.8% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 10.4% higher against the dollar and now trades at $0.0041 or 0.00000005 BTC.

Arweave Coin Profile

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. The official website for Arweave is www.arweave.org. The official message board for Arweave 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.

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 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, Gemini or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Arweave using one of the exchanges listed above.

AR/USD price chart by TradingView