Arweave (AR) 1-Day Volume Hits $62.23 Million

Arweave (AR) traded up 4.3% against the U.S. dollar during the 1 day period ending at 11:00 AM Eastern on July 1st. One Arweave coin can now be bought for approximately $28.66 or 0.00045591 BTC on popular cryptocurrency exchanges. During the last week, Arweave has traded up 8.7% against the U.S. dollar. Arweave has a total market cap of $1.88 billion and approximately $62.23 million worth of Arweave was traded on exchanges in the last 24 hours.

Here is how related cryptocurrencies have performed during the last 24 hours:

• Bitcoin (BTC) traded 2% higher against the dollar and now trades at $62,873.68 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded down 0.2% against the dollar and now trades at $387.17 or 0.00615782 BTC.
• Bitcoin SV (BSV) traded down 0% against the dollar and now trades at $44.40 or 0.00070614 BTC.
• eCash (XEC) traded down 0.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded up 2.5% against the dollar and now trades at $0.13 or 0.00000203 BTC.

Arweave Profile

Arweave (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 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. The Reddit community for Arweave is https://reddit.com/r/arweave and the currency’s Github account can be viewed 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 currently possible to purchase alternative cryptocurrencies such as Arweave directly using U.S. dollars. Investors seeking to trade Arweave should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Arweave using one of the exchanges listed above.

AR/USD price chart by TradingView