Arweave (AR) Trading Down 20.5% This Week

Arweave (AR) traded down 4.6% against the dollar during the 24 hour period ending at 23:00 PM E.T. on April 16th. Arweave has a market cap of $1.60 billion and $85.41 million worth of Arweave was traded on exchanges in the last day. During the last seven days, Arweave has traded down 20.5% against the dollar. One Arweave coin can now be bought for about $24.49 or 0.00038353 BTC on exchanges.

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

• Bitcoin (BTC) traded up 0.7% against the dollar and now trades at $63,864.84 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded 1.9% lower against the dollar and now trades at $484.34 or 0.00758390 BTC.
• Bitcoin SV (BSV) traded 1.2% higher against the dollar and now trades at $66.89 or 0.00104731 BTC.
• eCash (XEC) traded down 1.1% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Syscoin (SYS) traded 2.2% lower against the dollar and now trades at $0.22 or 0.00000343 BTC.

Arweave Coin Profile

AR is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. Its genesis date was July 13th, 2018. Arweave’s total supply is 65,454,185 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 Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Arweave using one of the exchanges listed above.

AR/USD price chart by TradingView