Arweave Trading Down 8.4% Over Last Week (AR)

Arweave (AR) traded up 4.6% against the U.S. dollar during the 24-hour period ending at 19:00 PM E.T. on October 29th. Arweave has a market cap of $1.12 billion and approximately $46.96 million worth of Arweave was traded on exchanges in the last 24 hours. One Arweave coin can currently be bought for $17.02 or 0.00023376 BTC on exchanges. Over the last seven days, Arweave has traded down 8.4% against the U.S. dollar.

Here is how similar cryptocurrencies have performed over the last 24 hours:

• Bitcoin (BTC) traded up 3.9% against the dollar and now trades at $72,796.03 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded 5.6% higher against the dollar and now trades at $384.26 or 0.00527854 BTC.
• Bitcoin SV (BSV) traded 1.1% higher against the dollar and now trades at $51.96 or 0.00071382 BTC.
• eCash (XEC) traded 3.7% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded up 4.1% against the dollar and now trades at $0.10 or 0.00000142 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. Arweave’s official Twitter account is @arweaveeco and its Facebook page is accessible here. The official website for Arweave 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.”

Buying and Selling Arweave

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

AR/USD price chart by TradingView