Arweave (AR) Trading 17.9% Lower This Week

Arweave (AR) traded 18.6% lower against the dollar during the one day period ending at 7:00 AM E.T. on May 1st. One Arweave coin can currently be bought for approximately $27.78 or 0.00048124 BTC on exchanges. Arweave has a total market cap of $1.82 billion and approximately $193.89 million worth of Arweave was traded on exchanges in the last day. During the last week, Arweave has traded 17.9% lower against the dollar.

Here is how related cryptocurrencies have performed during the last day:

• Bitcoin (BTC) traded 6.4% lower against the dollar and now trades at $57,729.78 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded down 8.1% against the dollar and now trades at $409.04 or 0.00708537 BTC.
• Bitcoin SV (BSV) traded 9.3% lower against the dollar and now trades at $57.15 or 0.00098992 BTC.
• eCash (XEC) traded down 8.1% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded down 9.4% against the dollar and now trades at $0.19 or 0.00000321 BTC.

About Arweave

AR is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. Its launch date was July 13th, 2018. Arweave’s total supply is 65,454,185 coins. 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 Twitter account is @arweaveeco and its Facebook page is accessible 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.”

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 Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Arweave using one of the aforementioned exchanges.

AR/USD price chart by TradingView