Arweave Trading Up 14.6% Over Last 7 Days (AR)

Arweave (AR) traded 2.9% lower against the dollar during the 24 hour period ending at 17:00 PM E.T. on June 5th. In the last week, Arweave has traded 14.6% higher against the dollar. One Arweave coin can currently be purchased for about $44.39 or 0.00062470 BTC on major exchanges. Arweave has a total market cap of $2.91 billion and approximately $96.73 million worth of Arweave was traded on exchanges in the last 24 hours.

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

• Bitcoin (BTC) traded 0.8% higher against the dollar and now trades at $71,056.03 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded up 4.1% against the dollar and now trades at $496.23 or 0.00698370 BTC.
• Bitcoin SV (BSV) traded 1.9% higher against the dollar and now trades at $63.90 or 0.00089924 BTC.
• eCash (XEC) traded up 2.1% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 1.9% lower against the dollar and now trades at $0.20 or 0.00000280 BTC.

Arweave Profile

Arweave is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. Its genesis date was July 13th, 2018. Arweave’s total supply is 65,652,466 coins. Arweave’s official Twitter account is @arweaveeco and its Facebook page is accessible here. 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.

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 Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Gemini or Changelly. 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