Arweave Achieves Market Cap of $2.39 Billion (AR)

Arweave (AR) traded 6.9% lower against the U.S. dollar during the one day period ending at 12:00 PM ET on May 8th. Arweave has a total market capitalization of $2.39 billion and approximately $123.96 million worth of Arweave was traded on exchanges in the last day. One Arweave coin can now be bought for $36.46 or 0.00058565 BTC on popular cryptocurrency exchanges. Over the last week, Arweave has traded up 35.1% against the U.S. dollar.

Here’s how similar cryptocurrencies have performed over the last day:

• 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 down 1.6% 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 4.1% lower against the dollar and now trades at $0.19 or 0.00000307 BTC.

Arweave Profile

AR is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. It was first traded on July 13th, 2018. Arweave’s total supply is 65,454,185 coins. The Reddit community for Arweave is https://reddit.com/r/arweave and the currency’s Github account can be viewed here. The official website for Arweave is www.arweave.org. Arweave’s official message board is medium.com/@arweave. 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 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, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Arweave using one of the exchanges listed above.

AR/USD price chart by TradingView