Arweave (AR) Trading Down 12.1% Over Last Week

Arweave (AR) traded 0.9% lower against the U.S. dollar during the one day period ending at 10:00 AM ET on December 12th. One Arweave coin can now be bought for $23.38 or 0.00023062 BTC on popular cryptocurrency exchanges. Over the last week, Arweave has traded down 12.1% against the U.S. dollar. Arweave has a total market capitalization of $1.54 billion and approximately $237.61 million worth of Arweave was traded on exchanges in the last day.

Here’s how similar cryptocurrencies have performed over the last day:

• Bitcoin (BTC) traded up 1.3% against the dollar and now trades at $101,397.20 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded up 1% against the dollar and now trades at $551.82 or 0.00544217 BTC.
• Bitcoin SV (BSV) traded up 1.8% against the dollar and now trades at $68.58 or 0.00067632 BTC.
• eCash (XEC) traded 1.1% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 4.3% higher against the dollar and now trades at $0.16 or 0.00000154 BTC.

Arweave Profile

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. The official website for Arweave is www.arweave.org. 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.

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 buy alternative cryptocurrencies such as Arweave directly using US dollars. Investors seeking to trade Arweave should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Arweave using one of the exchanges listed above.

AR/USD price chart by TradingView