Arweave (AR) Hits Market Cap of $579.21 Million

Arweave (AR) traded down 3.6% against the U.S. dollar during the one day period ending at 14:00 PM Eastern on November 20th. Arweave has a market capitalization of $579.21 million and $31.26 million worth of Arweave was traded on exchanges in the last day. During the last week, Arweave has traded 18.9% higher against the U.S. dollar. One Arweave coin can currently be purchased for approximately $8.85 or 0.00023466 BTC on popular cryptocurrency exchanges.

Here’s how other cryptocurrencies have performed during the last day:

• Bitcoin (BTC) traded 2.3% higher against the dollar and now trades at $37,709.67 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded 0.3% lower against the dollar and now trades at $228.17 or 0.00605061 BTC.
• Bitcoin SV (BSV) traded up 1.1% against the dollar and now trades at $48.18 or 0.00127771 BTC.
• eCash (XEC) traded 1% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded up 5.9% against the dollar and now trades at $0.10 or 0.00000276 BTC.

Arweave Coin Profile

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 65,454,185 coins. Arweave’s official Twitter account is @arweaveeco and its Facebook page is accessible here. Arweave’s official website is www.arweave.org. The official message board for Arweave 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.

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 US dollars. Investors seeking to acquire Arweave should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Changelly or Coinbase. 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