Arweave (AR) Hits 24 Hour Volume of $123.96 Million

Arweave (AR) traded down 6.9% against the dollar during the 1-day period ending at 12:00 PM E.T. on May 8th. During the last seven days, Arweave has traded 35.1% higher against the dollar. One Arweave coin can currently be purchased for $36.46 or 0.00058565 BTC on cryptocurrency exchanges. Arweave has a market cap of $2.39 billion and $123.96 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 down 2.1% against the dollar and now trades at $62,253.49 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded down 4.9% against the dollar and now trades at $460.81 or 0.00740212 BTC.
• Bitcoin SV (BSV) traded 1.6% lower against the dollar and now trades at $64.07 or 0.00102926 BTC.
• eCash (XEC) traded 3.6% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded down 4.1% against the dollar and now trades at $0.19 or 0.00000307 BTC.

About Arweave

Arweave 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 65,454,185 coins. 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. Arweave’s official website is www.arweave.org. 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.”

Buying and Selling Arweave

It is usually not currently possible to buy alternative cryptocurrencies such as Arweave directly using US dollars. Investors seeking to acquire Arweave should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Changelly 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