Arweave (AR) Price Tops $28.59 on Major Exchanges

Arweave (AR) traded 6.7% lower against the US dollar during the 1 day period ending at 15:00 PM ET on May 1st. Arweave has a market capitalization of $1.87 billion and $219.12 million worth of Arweave was traded on exchanges in the last day. In the last week, Arweave has traded down 15% against the US dollar. One Arweave coin can currently be bought for $28.59 or 0.00050021 BTC on popular exchanges.

Here is how other cryptocurrencies have performed in the last day:

• Bitcoin (BTC) traded down 4.8% against the dollar and now trades at $57,152.72 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded down 2.1% against the dollar and now trades at $416.74 or 0.00729168 BTC.
• Bitcoin SV (BSV) traded down 1% against the dollar and now trades at $58.70 or 0.00102706 BTC.
• eCash (XEC) traded down 2.5% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded down 0.3% against the dollar and now trades at $0.19 or 0.00000325 BTC.

About Arweave

Arweave (CRYPTO: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 65,454,185 coins. Arweave’s official Twitter account is @arweaveeco and its Facebook page is accessible here. The official message board for Arweave is medium.com/@arweave. Arweave’s official website is www.arweave.org. 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 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, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Arweave using one of the exchanges listed above.

AR/USD price chart by TradingView