Arweave (AR) Hits Market Capitalization of $1.23 Billion

Arweave (AR) traded up 4.9% against the dollar during the 24-hour period ending at 16:00 PM ET on October 4th. One Arweave coin can currently be purchased for approximately $18.67 or 0.00030002 BTC on popular cryptocurrency exchanges. Arweave has a market cap of $1.23 billion and $41.53 million worth of Arweave was traded on exchanges in the last 24 hours. During the last seven days, Arweave has traded 20.7% lower against the dollar.

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

• Bitcoin (BTC) traded up 2.5% against the dollar and now trades at $62,273.65 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded 1.8% higher against the dollar and now trades at $323.96 or 0.00520508 BTC.
• Bitcoin SV (BSV) traded 4.1% higher against the dollar and now trades at $45.81 or 0.00073605 BTC.
• eCash (XEC) traded 3.2% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 8.1% higher against the dollar and now trades at $0.0981 or 0.00000158 BTC.

About Arweave

Arweave (AR) is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. It was first traded on July 13th, 2018. Arweave’s total supply is 65,652,466 coins. Arweave’s official website is www.arweave.org. 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. 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 presently 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 Gemini, GDAX or Coinbase. 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