Something about AR Token.
Assalamu Alaikum, how are you all? I hope everyone is well. Today I am here again to discuss a new token. In fact, Arweave is a project in the current crypto world that has given a new dimension to our idea of data storage. Today, the price of AR token stands at $ 5.79, which has decreased by about -4.30% in the last 24 hours and its prospects in the long term are still bright. The highest price of Ar was $ 90.94 in November 2021, which showed a huge rise at one time, and its lowest price was only $ 0.4854 in May 2020, which means it has increased by about 18,000% in the past, and this is a strong example to gain the confidence of investors.
Currently, the market cap of the token stands at $379.47 million, and the total supply is about 65.65 million. And AR's limited supply and specific ecosystem are considered a big reason to make it valuable in the future, and investors are therefore looking at it as a long-term holding. In fact, the specialty of Arweave is its Blockweave Technology which is more advanced than the normal block chain and here each block is connected to the two previous blocks, due to which data security and stability increases many times and it has created a kind of decentralized permanent storage system and the information uploaded to this network is never deleted and any document research or important record is stored here safely.
Therefore, many people also refer to it as the Permanent Web or permanent internet and it has opened up new horizons in data storage and the biggest advantage of Arweave is its long-term vision and the amount of data worldwide is increasing and this platform provides the opportunity to keep that data safe and permanently and for this reason, analysts believe that its demand will increase in the future and although the current price is slightly lower, its technical basis and practical use area make it a potential for the future and Arweave is not just a token but it can be the basis of the digital archive of the future. Thank you.
https://x.com/MDbayez29442036/status/1975914569332928664?t=su3P4sNcIjInka08QL3TWg&s=19
AR token is new for me but good that you shared so more people get to know about it. Thanks
It's really nice to see your comment, thank you.
In comparison to the price in May 2020, now it is huge pump. Thanks for sharing.
Thank you very much for your nice comment.
Awesome article, Baizid! Your description of the AR (Arweave) token was as informative and interesting to read. I like that you not only provided price data, but also, spoke about why Arweave is special, in particular, its Blockweave technology that provides two out of every three blocks to the prior ones and hence more robust data protection.
Your argument on Permanent Web and permanent data storage viewed as a decentralized system was right-on. It demonstrates that Arweave is not a mere token and it is a visionary project that has practical implementations. You were also doing the right thing when you contrasted the past and present price to indicate its potential growth.
Such an informative and informative crypto analysis makes the readers see the project in details. Very good post - continue to post such a valuable information! 💡🚀.