Arweave Market Cap Tops $633.21 Million (AR)

Arweave (AR) traded down 7.4% against the dollar during the 1-day period ending at 11:00 AM ET on February 6th. During the last seven days, Arweave has traded 34.5% lower against the dollar. One Arweave coin can now be purchased for approximately $9.64 or 0.00009966 BTC on exchanges. Arweave has a total market capitalization of $633.21 million and approximately $47.50 million worth of Arweave was traded on exchanges in the last 24 hours.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• Bitcoin (BTC) traded 1.3% lower against the dollar and now trades at $96,753.43 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded 4.4% lower against the dollar and now trades at $315.68 or 0.00326193 BTC.
• Bitcoin SV (BSV) traded 5.3% lower against the dollar and now trades at $38.66 or 0.00039950 BTC.
• eCash (XEC) traded down 4.3% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 4.9% lower against the dollar and now trades at $0.0640 or 0.00000066 BTC.

About Arweave

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. Arweave’s official message board 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.”

Arweave Coin Trading

It is usually not presently possible to buy alternative cryptocurrencies such as Arweave directly using U.S. dollars. Investors seeking to acquire Arweave should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Gemini. 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