Arweave Price Reaches $2.26 (AR)

Arweave (AR) traded 1.5% higher against the US dollar during the 24-hour period ending at 7:00 AM E.T. on June 1st. Arweave has a market cap of $148,371,495.59 trillion and approximately $31.80 million worth of Arweave was traded on exchanges in the last day. In the last week, Arweave has traded 6.8% higher against the US dollar. One Arweave coin can now be bought for $2.26 or 0.00003112 BTC on major exchanges.

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

• Bitcoin (BTC) traded 1.4% lower against the dollar and now trades at $72,682.30 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded down 7.2% against the dollar and now trades at $284.46 or 0.00391377 BTC.
• Bitcoin SV (BSV) traded down 1.4% against the dollar and now trades at $13.78 or 0.00018965 BTC.
• eCash (XEC) traded down 0.9% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 0.2% higher against the dollar and now trades at $0.0030 or 0.00000004 BTC.

About Arweave

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 65,652,466 coins and its circulating supply is 9,223,372,036,854,775,807 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 possible to purchase alternative cryptocurrencies such as Arweave directly using US dollars. Investors seeking to trade Arweave should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Arweave using one of the exchanges listed above.

AR/USD price chart by TradingView