Arweave Hits Market Cap of $1.26 Billion (AR)

Arweave (AR) traded up 7.3% against the US dollar during the 24 hour period ending at 11:00 AM ET on October 11th. One Arweave coin can currently be bought for about $19.17 or 0.00031008 BTC on cryptocurrency exchanges. Arweave has a market cap of $1.26 billion and $34.23 million worth of Arweave was traded on exchanges in the last day. In the last seven days, Arweave has traded 4% higher against the US dollar.

Here’s how other cryptocurrencies have performed in the last day:

• Bitcoin (BTC) traded up 2.4% against the dollar and now trades at $61,812.63 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded 0.9% higher against the dollar and now trades at $325.02 or 0.00525810 BTC.
• Bitcoin SV (BSV) traded 2.5% higher against the dollar and now trades at $44.81 or 0.00072487 BTC.
• eCash (XEC) traded up 3.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded up 6.7% against the dollar and now trades at $0.10 or 0.00000167 BTC.

Arweave 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. The official message board for Arweave is medium.com/@arweave. The official website for Arweave is www.arweave.org. 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 purchase alternative cryptocurrencies such as Arweave directly using U.S. dollars. Investors seeking to acquire Arweave should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Changelly. 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