Arweave (AR) Trading 17.8% Higher Over Last 7 Days

Arweave (AR) traded up 2.5% against the US dollar during the twenty-four hour period ending at 15:00 PM ET on May 6th. In the last week, Arweave has traded 17.8% higher against the US dollar. One Arweave coin can now be purchased for $40.47 or 0.00063799 BTC on exchanges. Arweave has a total market capitalization of $2.65 billion and $175.96 million worth of Arweave was traded on exchanges in the last day.

Here is how similar cryptocurrencies have performed in the last day:

• Bitcoin (BTC) traded 1.6% lower against the dollar and now trades at $63,429.79 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded 2% higher against the dollar and now trades at $475.83 or 0.00750172 BTC.
• Bitcoin SV (BSV) traded down 0.4% against the dollar and now trades at $64.52 or 0.00101715 BTC.
• eCash (XEC) traded 1.3% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 0.5% higher against the dollar and now trades at $0.20 or 0.00000317 BTC.

Arweave Coin Profile

Arweave (CRYPTO: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. The official website for Arweave 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.”

Arweave Coin Trading

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 Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Arweave using one of the aforementioned exchanges.

AR/USD price chart by TradingView