Arweave Price Tops $2.15 on Major Exchanges (AR)

Arweave (AR) traded 0.8% lower against the U.S. dollar during the 1-day period ending at 7:00 AM ET on August 24th. In the last week, Arweave has traded 19% higher against the U.S. dollar. Arweave has a market capitalization of $141,167,815.36 trillion and $13.68 million worth of Arweave was traded on exchanges in the last 24 hours. One Arweave coin can now be purchased for $2.15 or 0.00002765 BTC on exchanges.

Here is how related cryptocurrencies have performed in the last 24 hours:

• Bitcoin (BTC) traded up 1.5% against the dollar and now trades at $77,845.63 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded 1.8% lower against the dollar and now trades at $268.73 or 0.00345208 BTC.
• Bitcoin SV (BSV) traded 0.7% lower against the dollar and now trades at $16.58 or 0.00021298 BTC.
• eCash (XEC) traded 0% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 5.3% higher against the dollar and now trades at $0.0019 or 0.00000002 BTC.

Arweave Coin Profile

AR is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. It launched on July 13th, 2018. Arweave’s total supply is 65,652,466 coins and its circulating supply is 9,223,372,036,854,775,807 coins. The official message board for Arweave 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 Twitter account is @arweaveeco and its Facebook page is accessible here. Arweave’s official website is www.arweave.org.

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 U.S. dollars. Investors seeking to acquire Arweave should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, GDAX or Coinbase. 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