Arweave (AR) Reaches One Day Volume of $139.77 Million

Arweave (AR) traded 9.9% lower against the US dollar during the 1 day period ending at 22:00 PM Eastern on May 7th. Arweave has a total market cap of $2.50 billion and $139.77 million worth of Arweave was traded on exchanges in the last day. One Arweave coin can now be purchased for $38.22 or 0.00060979 BTC on major exchanges. During the last seven days, Arweave has traded 26.4% higher against the US dollar.

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

• Bitcoin (BTC) traded 1.7% lower against the dollar and now trades at $62,695.52 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded down 2.3% against the dollar and now trades at $468.07 or 0.00746843 BTC.
• Bitcoin SV (BSV) traded 2.4% lower against the dollar and now trades at $63.31 or 0.00101018 BTC.
• eCash (XEC) traded down 4% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded down 6% against the dollar and now trades at $0.19 or 0.00000304 BTC.

Arweave Profile

Arweave 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 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. 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 currently possible to purchase alternative cryptocurrencies such as Arweave directly using U.S. dollars. Investors seeking to trade Arweave should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Gemini or GDAX. 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