Arweave Hits 24 Hour Trading Volume of $10.77 Million (AR)

Arweave (AR) traded up 4.3% against the dollar during the 24 hour period ending at 7:00 AM Eastern on September 17th. During the last week, Arweave has traded down 3.3% against the dollar. One Arweave coin can now be bought for approximately $2.60 or 0.00003401 BTC on major cryptocurrency exchanges. Arweave has a market capitalization of $170,213,088.57 trillion and $10.77 million worth of Arweave was traded on exchanges in the last 24 hours.

Here’s how similar cryptocurrencies have performed during the last 24 hours:

• Bitcoin (BTC) traded 0.1% lower against the dollar and now trades at $76,322.19 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded 2.5% higher against the dollar and now trades at $223.49 or 0.00292827 BTC.
• Bitcoin SV (BSV) traded 0.6% higher against the dollar and now trades at $16.12 or 0.00021117 BTC.
• eCash (XEC) traded up 2.8% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 15% higher against the dollar and now trades at $0.0022 or 0.00000003 BTC.

Arweave 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. 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. Arweave’s official Twitter account is @arweaveeco and its Facebook page is accessible here. The official website for Arweave 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 Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Gemini or GDAX. 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