Arweave (AR) Achieves Market Cap of $2.33 Billion

Arweave (AR) traded 22% higher against the U.S. dollar during the twenty-four hour period ending at 19:00 PM Eastern on May 2nd. One Arweave coin can currently be purchased for about $35.55 or 0.00059989 BTC on exchanges. During the last week, Arweave has traded 2.7% lower against the U.S. dollar. Arweave has a total market capitalization of $2.33 billion and $112.02 million worth of Arweave was traded on exchanges in the last 24 hours.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• Bitcoin (BTC) traded up 1.7% against the dollar and now trades at $59,264.03 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded 1.6% higher against the dollar and now trades at $432.80 or 0.00730295 BTC.
• Bitcoin SV (BSV) traded up 0.5% against the dollar and now trades at $59.78 or 0.00100878 BTC.
• eCash (XEC) traded up 2.1% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded up 3.1% against the dollar and now trades at $0.20 or 0.00000330 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 website is www.arweave.org. Arweave’s official Twitter account is @arweaveeco and its Facebook page is accessible here. 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.”

Arweave Coin Trading

It is usually not currently possible to buy alternative cryptocurrencies such as Arweave directly using U.S. dollars. Investors seeking to acquire Arweave should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Changelly or GDAX. 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