Arweave 1-Day Volume Reaches $31.80 Million (AR)

Arweave (AR) traded up 1.5% against the dollar during the 24-hour period ending at 7:00 AM Eastern on June 1st. One Arweave coin can currently be purchased for approximately $2.26 or 0.00003112 BTC on popular cryptocurrency exchanges. In the last week, Arweave has traded 6.8% higher against the dollar. Arweave has a total market capitalization of $148,371,495.59 trillion and approximately $31.80 million worth of Arweave was traded on exchanges in the last 24 hours.

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

• Bitcoin (BTC) traded 1.4% lower against the dollar and now trades at $72,682.30 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded down 7.2% against the dollar and now trades at $284.46 or 0.00391377 BTC.
• Bitcoin SV (BSV) traded down 1.4% against the dollar and now trades at $13.78 or 0.00018965 BTC.
• eCash (XEC) traded 0.9% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded up 0.2% against the dollar and now trades at $0.0030 or 0.00000004 BTC.

Arweave Coin Profile

Arweave (CRYPTO:AR) is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. Its launch date was July 13th, 2018. Arweave’s total supply is 65,652,466 coins and its circulating supply is 9,223,372,036,854,775,807 coins. The Reddit community for Arweave is https://reddit.com/r/arweave and the currency’s Github account can be viewed here. The official message board for Arweave is medium.com/@arweave. 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 buy alternative cryptocurrencies such as Arweave directly using US dollars. Investors seeking to acquire Arweave should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Arweave using one of the aforementioned exchanges.

AR/USD price chart by TradingView