Arweave (AR) Price Reaches $8.25 on Major Exchanges

Arweave (AR) traded up 4.7% against the U.S. dollar during the one day period ending at 11:00 AM ET on February 26th. During the last seven days, Arweave has traded 10.1% lower against the U.S. dollar. Arweave has a total market capitalization of $541.68 million and $55.92 million worth of Arweave was traded on exchanges in the last day. One Arweave coin can now be purchased for approximately $8.25 or 0.00009532 BTC on exchanges.

Here is how related cryptocurrencies have performed during the last day:

• Bitcoin (BTC) traded up 0% against the dollar and now trades at $86,559.74 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded 4.2% higher against the dollar and now trades at $293.66 or 0.00339262 BTC.
• Bitcoin SV (BSV) traded up 2.1% against the dollar and now trades at $34.88 or 0.00040300 BTC.
• eCash (XEC) traded up 1.8% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 5.2% higher against the dollar and now trades at $0.0609 or 0.00000070 BTC.

Arweave Coin Profile

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 message board 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. The official website for Arweave 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.”

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 Changelly, Coinbase 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