Arweave (AR) Hits Market Cap of $1.08 Billion

Arweave (AR) traded 7.6% lower against the U.S. dollar during the 24 hour period ending at 11:00 AM Eastern on December 20th. During the last seven days, Arweave has traded down 28.3% against the U.S. dollar. Arweave has a total market cap of $1.08 billion and approximately $293.23 million worth of Arweave was traded on exchanges in the last 24 hours. One Arweave coin can currently be purchased for about $16.50 or 0.00016905 BTC on major cryptocurrency exchanges.

Here is how other cryptocurrencies have performed during the last 24 hours:

• Bitcoin (BTC) traded 3.1% lower against the dollar and now trades at $97,593.49 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded 6.5% lower against the dollar and now trades at $439.77 or 0.00450615 BTC.
• Bitcoin SV (BSV) traded 4.3% lower against the dollar and now trades at $53.41 or 0.00054727 BTC.
• eCash (XEC) traded down 5.6% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded down 4.9% against the dollar and now trades at $0.11 or 0.00000109 BTC.

Arweave Coin 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 65,652,466 coins. Arweave’s official message board 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. Arweave’s official website is www.arweave.org.

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 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 Changelly, Coinbase or GDAX. 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