Arweave Price Reaches $17.06 (AR)

Arweave (AR) traded up 3.4% against the U.S. dollar during the twenty-four hour period ending at 11:00 AM E.T. on December 28th. In the last seven days, Arweave has traded 4.5% higher against the U.S. dollar. One Arweave coin can now be purchased for approximately $17.06 or 0.00018079 BTC on exchanges. Arweave has a market capitalization of $1.12 billion and approximately $72.96 million worth of Arweave was traded on exchanges in the last day.

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

• Bitcoin (BTC) traded 0.6% higher against the dollar and now trades at $94,379.39 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded up 0.7% against the dollar and now trades at $443.71 or 0.00470131 BTC.
• Bitcoin SV (BSV) traded 1.6% higher against the dollar and now trades at $53.46 or 0.00056641 BTC.
• eCash (XEC) traded up 3.7% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 6.7% higher against the dollar and now trades at $0.12 or 0.00000124 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 65,652,466 coins. 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. The official website for Arweave is www.arweave.org. Arweave’s official Twitter account is @arweaveeco and its Facebook page is accessible 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 possible to purchase alternative cryptocurrencies such as Arweave directly using U.S. dollars. Investors seeking to acquire Arweave should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Arweave using one of the aforementioned exchanges.

AR/USD price chart by TradingView