Arweave (AR) Achieves Market Cap of $1.61 Billion

Arweave (AR) traded 2.8% higher against the U.S. dollar during the twenty-four hour period ending at 15:00 PM ET on April 17th. Arweave has a total market cap of $1.61 billion and approximately $70.14 million worth of Arweave was traded on exchanges in the last day. During the last week, Arweave has traded down 19.2% against the U.S. dollar. One Arweave coin can currently be purchased for $24.65 or 0.00040366 BTC on popular cryptocurrency exchanges.

Here’s how other cryptocurrencies have performed during the last day:

• Bitcoin (BTC) traded down 2.9% against the dollar and now trades at $61,072.01 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded 3.6% lower against the dollar and now trades at $463.71 or 0.00759279 BTC.
• Bitcoin SV (BSV) traded 1.5% lower against the dollar and now trades at $65.84 or 0.00107806 BTC.
• eCash (XEC) traded 4.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded down 4.9% against the dollar and now trades at $0.21 or 0.00000346 BTC.

About Arweave

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 65,454,185 coins. Arweave’s official message board is medium.com/@arweave. The official website for Arweave 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 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 presently 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 Gemini, Coinbase or Changelly. 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