Arweave Price Tops $39.58 (AR)

Arweave (AR) traded 4.8% lower against the U.S. dollar during the one day period ending at 16:00 PM E.T. on March 29th. One Arweave coin can now be bought for $39.58 or 0.00056843 BTC on cryptocurrency exchanges. Over the last week, Arweave has traded up 13.2% against the U.S. dollar. Arweave has a total market cap of $2.59 billion and $78.13 million worth of Arweave was traded on exchanges in the last day.

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

• Bitcoin (BTC) traded down 1.7% against the dollar and now trades at $69,673.17 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded up 4.9% against the dollar and now trades at $602.21 or 0.00864905 BTC.
• Bitcoin SV (BSV) traded up 4.1% against the dollar and now trades at $95.85 or 0.00137660 BTC.
• eCash (XEC) traded 4% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Syscoin (SYS) traded down 2.2% against the dollar and now trades at $0.28 or 0.00000402 BTC.

Arweave Coin Profile

Arweave (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 65,454,185 coins. 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. 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.”

Arweave Coin Trading

It is usually not presently possible to purchase alternative cryptocurrencies such as Arweave directly using U.S. dollars. Investors seeking to acquire Arweave should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Gemini or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Arweave using one of the aforementioned exchanges.

AR/USD price chart by TradingView