Arweave (AR) Reaches One Day Trading Volume of $56.36 Million

Arweave (AR) traded 0.3% higher against the dollar during the 1-day period ending at 10:00 AM Eastern on August 9th. One Arweave coin can currently be bought for about $21.23 or 0.00035601 BTC on exchanges. In the last seven days, Arweave has traded 17.6% lower against the dollar. Arweave has a market capitalization of $1.39 billion and approximately $56.36 million worth of Arweave was traded on exchanges in the last 24 hours.

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

• Bitcoin (BTC) traded 2% higher against the dollar and now trades at $59,633.93 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded up 4.3% against the dollar and now trades at $341.07 or 0.00571933 BTC.
• Bitcoin SV (BSV) traded down 0.7% against the dollar and now trades at $41.57 or 0.00069717 BTC.
• eCash (XEC) traded 2.6% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 3.2% lower against the dollar and now trades at $0.0733 or 0.00000123 BTC.

About Arweave

Arweave (CRYPTO: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. Arweave’s official message board is medium.com/@arweave. Arweave’s official Twitter account is @arweaveeco and its Facebook page is accessible here. Arweave’s official website 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.

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 GDAX, Changelly or Gemini. 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