AR Price Analysis May 2022

AR is a coin of the platform Arweave. Its current price is around $14.77 by writing, with a low of $7.11, and has a market cap of 493 million dollars.

What is Arweave?

Arweave is a decentralized network that connects users with extra space to provide storage space for those who need it. The system is designed to provide scalable, affordable, and permanent data storage accessible to people around the world.

Arweave provides a unique solution to the real issue of data and history erasure by never forgetting anything that’s ever been stored. Storing important information, apps, and user data indefinitely prevents history from being rewritten. Arweave provides a new form of storage that backs data with sustainable and perpetual endowments, allowing users and developers to have access to data that is stored forever. This is the first time this has been possible.

What is AR?

AR is the coin of the Arweave platform, which is around $14.77 by the time of writing, with a low of $7.11. It reached a high of $90.9, and its current ranking is #90 according to CoinMarketCap, with a market cap of 493 million dollars. AR is the currency that Arweave network users must use to pay for storage. Those who provide extra storage space are paid using these tokens.

AR Coin Market Analysis 

AR has a max supply of 66,000,000 coins worth around $14.77 with a market volume of 41 million dollars, whereas the market capitalization is 493 million dollars at writing. 

AR Price Prediction

Descending Triangle In Ar Price Chart
Descending Triangle in AR Price Chart

Arweave has been forecast as a good investment by our team of experts. On the 4H timeframe, the price action of $AR/USDT has formed a descending triangle chart pattern. The price is going to break the descending resistance trend line. We have to wait for a breakout or breakdown to confirm its next direction.

For any time, on-demand analysis on $AR or any other coin can join our Telegram channel.

For any time, on-demand analysis on any token or coin, you can join our Telegram channel.

Closing Thoughts

Discipline and Patience are the most important components of a successful trade. According to the above analysis, the coins we just discussed about 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.

Default image
Pratyaksh

Can’t find what you’re looking for? Type below and hit enter!