Arweave Trading Up 1.7% This Week (AR)

Arweave (AR) traded down 6.1% against the U.S. dollar during the 1-day period ending at 14:00 PM ET on April 29th. One Arweave coin can now be bought for $34.28 or 0.00054464 BTC on popular cryptocurrency exchanges. Over the last week, Arweave has traded up 1.7% against the U.S. dollar. Arweave has a total market cap of $2.24 billion and $126.15 million worth of Arweave was traded on exchanges in the last 24 hours.

Here is how similar cryptocurrencies have performed over the last 24 hours:

• Bitcoin (BTC) traded down 1.2% against the dollar and now trades at $62,945.89 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded down 3.8% against the dollar and now trades at $461.85 or 0.00733730 BTC.
• Bitcoin SV (BSV) traded down 3.5% against the dollar and now trades at $64.90 or 0.00103106 BTC.
• eCash (XEC) traded 4.9% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 5.2% lower against the dollar and now trades at $0.21 or 0.00000331 BTC.

Arweave Coin Profile

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 65,454,185 coins. Arweave’s official website is www.arweave.org. Arweave’s official Twitter account is @arweaveeco and its Facebook page is accessible here. Arweave’s official message board 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.

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

AR/USD price chart by TradingView