Arweave Market Capitalization Hits $2.87 Billion (AR)

Arweave (AR) traded 11.8% higher against the US dollar during the twenty-four hour period ending at 20:00 PM E.T. on May 15th. In the last week, Arweave has traded 17.2% higher against the US dollar. Arweave has a market capitalization of $2.87 billion and $201.00 million worth of Arweave was traded on exchanges in the last 24 hours. One Arweave coin can now be purchased for about $43.80 or 0.00066113 BTC on cryptocurrency exchanges.

Here’s how other cryptocurrencies have performed in the last 24 hours:

  • Bitcoin (BTC) traded 7.6% higher against the dollar and now trades at $66,253.94 or 1.00000000 BTC.
  • Bitcoin Cash (BCH) traded up 8.2% against the dollar and now trades at $464.12 or 0.00700510 BTC.
  • Bitcoin SV (BSV) traded 8% higher against the dollar and now trades at $63.46 or 0.00095777 BTC.
  • eCash (XEC) traded up 6.8% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
  • Syscoin (SYS) traded 6.9% higher against the dollar and now trades at $0.20 or 0.00000299 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 65,454,185 coins. Arweave’s official Twitter account is @arweaveeco and its Facebook page is accessible here. 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. The official message board for Arweave 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 Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Arweave using one of the exchanges listed above.

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