Arweave (AR) Hits Market Cap of $1.62 Billion

Arweave (AR) traded 4.5% higher against the U.S. dollar during the 24-hour period ending at 10:00 AM E.T. on April 18th. During the last week, Arweave has traded 19.2% lower against the U.S. dollar. Arweave has a total market capitalization of $1.62 billion and approximately $65.14 million worth of Arweave was traded on exchanges in the last day. One Arweave coin can currently be purchased for $24.81 or 0.00038958 BTC on major exchanges.

Here’s how related cryptocurrencies have performed during the last day:

• Bitcoin (BTC) traded up 2.7% against the dollar and now trades at $63,690.64 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded 5.4% higher against the dollar and now trades at $485.45 or 0.00762199 BTC.
• Bitcoin SV (BSV) traded up 2.5% against the dollar and now trades at $66.33 or 0.00104150 BTC.
• eCash (XEC) traded up 2.1% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Syscoin (SYS) traded 0.8% lower against the dollar and now trades at $0.21 or 0.00000337 BTC.

Arweave Coin Profile

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