Arweave Trading Down 19.2% Over Last 7 Days (AR)

Arweave (AR) traded up 4.5% against the U.S. dollar during the 24 hour period ending at 10:00 AM E.T. on April 18th. One Arweave coin can currently be bought for $24.81 or 0.00038958 BTC on popular cryptocurrency exchanges. Arweave has a total market capitalization of $1.62 billion and $65.14 million worth of Arweave was traded on exchanges in the last day. Over the last seven days, Arweave has traded down 19.2% against the U.S. dollar.

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

• Bitcoin (BTC) traded 2.7% higher against the dollar and now trades at $63,690.64 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded up 5.4% against the dollar and now trades at $485.45 or 0.00762199 BTC.
• Bitcoin SV (BSV) traded up 2.5% against the dollar and now trades at $66.33 or 0.00104150 BTC.
• eCash (XEC) traded up 2.1% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Syscoin (SYS) traded 0.8% lower against the dollar and now trades at $0.21 or 0.00000337 BTC.

Arweave Profile

Arweave (AR) 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 65,454,185 coins. Arweave’s official Twitter account is @arweaveeco and its Facebook page is accessible here. The official message board for Arweave is medium.com/@arweave. 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.”

Arweave Coin Trading

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 Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Arweave using one of the aforementioned exchanges.

AR/USD price chart by TradingView