Arweave (AR) Tops 24-Hour Trading Volume of $85.03 Million

Arweave (AR) traded down 3.1% against the US dollar during the one day period ending at 23:00 PM E.T. on April 24th. One Arweave coin can currently be purchased for about $32.50 or 0.00050671 BTC on major cryptocurrency exchanges. Arweave has a market capitalization of $2.13 billion and approximately $85.03 million worth of Arweave was traded on exchanges in the last 24 hours. Over the last week, Arweave has traded up 33% against the US dollar.

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

• Bitcoin (BTC) traded 3.8% lower against the dollar and now trades at $64,140.80 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded down 5.8% against the dollar and now trades at $477.40 or 0.00744306 BTC.
• Bitcoin SV (BSV) traded 5.7% lower against the dollar and now trades at $67.45 or 0.00105164 BTC.
• eCash (XEC) traded 7% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Syscoin (SYS) traded 4.2% lower against the dollar and now trades at $0.23 or 0.00000357 BTC.

Arweave Coin Profile

Arweave (CRYPTO:AR) is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. Its launch date was July 13th, 2018. Arweave’s total supply is 65,454,185 coins. The Reddit community for Arweave is https://reddit.com/r/arweave and the currency’s Github account can be viewed here. The official message board for Arweave is medium.com/@arweave. Arweave’s official Twitter account is @arweaveeco and its Facebook page is accessible here. Arweave’s official website is www.arweave.org.

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 possible to buy alternative cryptocurrencies such as Arweave directly using US dollars. Investors seeking to trade Arweave should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Arweave using one of the aforementioned exchanges.

AR/USD price chart by TradingView