AR Price Analysis July 2022
AR is a token of the platform Arweave. Its current price is around $13.42 by the time of writing, with a low of $7.21, and has a market cap of 448 million dollars.
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What is Arweave?
Arweave is a decentralized storage network connecting people with extra computer disk space with those needing more. People can use the Arweave blockchain and get paid in AR tokens while they share their spare space with others looking to store data of any size.
Arweave allows you to store data for as long as you want for a one-time fee. This is revolutionary and could completely change how we do business. Arweave is a new data storage solution, like the internet, but more reliable. Users can earn money by storing existing data and requesting new data to be stored.
What is AR?
AR is the coin of the Arweave platform, which is around $13.42 by the time of writing, with a low of $7.21. It reached a high of $90.94, and its current ranking is #85 according to CoinMarketCap, with a market cap of 448 million dollars. AR tokens entirely fuel Arweave. Users who want to store data need to purchase AR, and computers providing storage must also be funded by Ar tokens.
AR Coin Market Analysis
AR has a total supply of 63,190,435 coins worth around $13.42 with a market volume of 61 million dollars, whereas the market capitalization is 448 million dollars at writing.
AR Price Prediction
Arweave is a good investment option. However, the instability of cryptocurrencies may also make investors sell Arweave during a dip in the market. Furthermore, on the 1D timeframe, the price action of $AR/USDT works inside the ascending triangle. Therefore, we have to wait for a successful breakout or breakdown.
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Discipline and Patience are the most important components of a successful trade. According to the above analysis, the coins we discussed might make you decent gains if other market conditions prevail favorably. Again, it’s your hard-earned money that you’ll be using. Do Your Own Research before investing.
Disclaimer: Our analysis is for educational purposes.