Arweave (AR)
Arweave protocol, a new blockchain-like data structure called the blockweave based on Proof of Access (POA), is designed to provide scalable and permanent on-chain data storage in a sustainable manner. Arweave has introduced new concepts that allow nodes to fulfil key network functions without possessing the whole chain.
1. AR Basic Info
| Symbol | AR |
| Name | Arweave |
| Web Site | https://www.arweave.org/ |
| Wallet | -- |
| Source | -- |
| Explorer | https://viewblock.io/ |
| Forum | -- |
| Mining | |
| Supply | 66000000 |
| Available Supply | 65454200 |
| Market Cap | 368572600.2 |
| White Paper | -- |
| Is ICO | None |
| Raised Funds | - |
| Distribution | - |
| Algorithm | -- |
| Proof | -- |
| Total | 66000000 |
| Release Date | 2018-06-08 |
2. AR Technical Info
2.1 AR Kline Chart Price
2.2 AR Technical Analysis
Short-term: The market is expected to experience continued downward pressure. There may be brief periods of consolidation, but the overall trend is likely to remain bearish. The price could test lower support levels, potentially reaching as low as 5.200.
Mid-term: The downward momentum could persist. Some potential for a rebound exists, though it s difficult to ascertain the strength of any upward movement. Resistance levels may be tested around 6.500 and possibly 7.000 if bullish sentiment grows.
Long-term: The current price action suggests a transition period. The preceding period indicates that it may encounter some range-bound trading before a sustained upward trend can establish. The price might consolidate around the current levels before the longer-term direction becomes clear. A breakout above 7.500 would indicate a potential shift in momentum.
