Arweave (AR) Market Capitalization Reaches $596.31 Million

Arweave (AR) traded down 1.7% against the US dollar during the 24-hour period ending at 11:00 AM Eastern on February 10th. One Arweave coin can now be bought for $9.08 or 0.00009354 BTC on popular cryptocurrency exchanges. Over the last week, Arweave has traded 18.2% lower against the US dollar. Arweave has a market capitalization of $596.31 million and $48.01 million worth of Arweave was traded on exchanges in the last day.

Here is how related cryptocurrencies have performed over the last day:

• Bitcoin (BTC) traded up 0.5% against the dollar and now trades at $97,103.08 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded 0.5% higher against the dollar and now trades at $330.52 or 0.00340381 BTC.
• Bitcoin SV (BSV) traded 0% higher against the dollar and now trades at $39.53 or 0.00040709 BTC.
• eCash (XEC) traded up 0.3% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded down 1.2% against the dollar and now trades at $0.0692 or 0.00000071 BTC.

Arweave Profile

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 website is www.arweave.org. The Reddit community for Arweave is https://reddit.com/r/arweave and the currency’s Github account can be viewed here. 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 buy alternative cryptocurrencies such as Arweave directly using U.S. dollars. Investors seeking to trade Arweave should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Coinbase or GDAX. 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