Arweave (AR) Price Down 15.9% This Week

Arweave (AR) traded 7.4% lower against the US dollar during the 1-day period ending at 16:00 PM Eastern on October 31st. One Arweave coin can now be purchased for approximately $15.35 or 0.00021844 BTC on exchanges. Arweave has a market cap of $1.01 billion and approximately $39.48 million worth of Arweave was traded on exchanges in the last day. During the last week, Arweave has traded 15.9% lower against the US dollar.

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

• Bitcoin (BTC) traded down 3.7% against the dollar and now trades at $70,293.74 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded 4.6% lower against the dollar and now trades at $354.33 or 0.00504073 BTC.
• Bitcoin SV (BSV) traded down 0.1% against the dollar and now trades at $50.52 or 0.00071877 BTC.
• eCash (XEC) traded down 1.3% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 5.9% lower against the dollar and now trades at $0.0971 or 0.00000138 BTC.

About Arweave

Arweave (CRYPTO:AR) is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. Its genesis date was July 13th, 2018. Arweave’s total supply is 65,652,466 coins. 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. The official website for Arweave is www.arweave.org. The official message board for Arweave is medium.com/@arweave.

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 possible to buy alternative cryptocurrencies such as Arweave directly using US dollars. Investors seeking to trade Arweave should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Gemini or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Arweave using one of the exchanges listed above.

AR/USD price chart by TradingView