Arweave Reaches Market Capitalization of $2.22 Billion (AR)

Arweave (AR) traded 0.6% higher against the US dollar during the 24-hour period ending at 12:00 PM E.T. on April 23rd. One Arweave coin can now be purchased for approximately $33.94 or 0.00050923 BTC on exchanges. Arweave has a total market capitalization of $2.22 billion and $100.95 million worth of Arweave was traded on exchanges in the last 24 hours. Over the last week, Arweave has traded up 43.8% against the US dollar.

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

• Bitcoin (BTC) traded 0.9% higher against the dollar and now trades at $66,647.97 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded up 0% against the dollar and now trades at $510.63 or 0.00766167 BTC.
• Bitcoin SV (BSV) traded 0.2% higher against the dollar and now trades at $72.13 or 0.00108231 BTC.
• eCash (XEC) traded 0% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Syscoin (SYS) traded 3.8% lower against the dollar and now trades at $0.24 or 0.00000360 BTC.

Arweave Profile

Arweave is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. It launched on 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. The official website for Arweave is www.arweave.org. Arweave’s official message board is medium.com/@arweave. 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.”

Arweave Coin Trading

It is usually not presently possible to purchase alternative cryptocurrencies such as Arweave directly using U.S. dollars. Investors seeking to trade Arweave should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Arweave using one of the aforementioned exchanges.

AR/USD price chart by TradingView