Arweave Price Prediction
Arweave Fundamental Analysis
Arweave (AR) is a utility token of the Arweave project — a blockchain-like decentralized storage solution. Arweave was founded in 2017 and as of 2021 is in its alpha stage. The project has attracted the attention of well-known investors like Andreessen Horowitz.
Arweave’s team points out that the centralized information storage model puts too much control in one agent’s hands: the information can be easily changed after it was first put into storage, for example. This is what the blockchain solutions are designed to avoid. Arweave uses blockweave — a blockchain-like structure that ties every new block (by hashing) not just to the previous one, but also to one additional block chosen at random. This is a part of what is called Proof-of-Access consensus; the nodes don’t have to store copies of the whole blockchain as long as they can access a specific block.
Among other novel features of Arweave are blockshadows: this is the technology allowing not to waste space and bandwidth distributing every mined block to every node in the network. Instead, only partial information is disseminated, letting the nodes reconstruct the block. To facilitate rapid data retrieval, Arweave implements the Wildfire system, which resembles a peer-provided rating system and encourages efficient work.
Arweave’s consensus mechanism combines Proof-of-Access (described above) and Proof-of-Work. As an incentive for their work, the miners get AR tokens. They are also used as transaction fees and as a payment for the Arweave storage services.
Arweave Price Chart
Arweave’s price has seen decent growth in the spring of 2021, going from ~$2–$3 at the year’s start to more than $32 by March. It wasn’t immune to the crypto market summer slump, climbing down steadily over a couple of months and trading barely above $7 in July. By mid-August AR went through its first big jump, breaking through its previous resistance and hovering around $33 for a moment, then correcting itself a little.
But the real breakthrough happened in early September when Arweave reached a new all-time high of $74.03. Even though it didn’t keep this position for long, now the coin is trading in the vicinity of $60, which is still very decent. The coin has quite a high position in the market cap ratings, too, which helps Arweave price predictions maintain a positive tone.
Arweave Technical Analysis
Despite the fact that 100% accurate technical analysis for Arweave cryptocurrency is hardly possible, on this advanced technical analysis tool by TradingView you can see the real-time aggregated AR buy-and-sell rating for selected timeframe. The summary for AR/USD is based on the most popular technical indicators — Moving Averages, Oscillators and Pivots.
Arweave Price Prediction
Below we have collected the most reliable price projections for Arweave (AR) from popular forecast platforms.
#1. WalletInvestor AR Price Prediction for 2021, 2023, 2025
According to WalletInvestor, Arweave price will grow from $39.51 to $71.634 in one year. That makes AR an awesome investment. The long-term earning potential is 81.31%. Predicted price for the end of 2026 is $174.552.
#2. TradingBeasts AR Price Prediction for 2022
Answering the question about if Arweave is a good investment, TradingBeasts say a resounding no. In the 2021 perspective, this coin price is predicted to reach $35.753 with a growth to $42.030 by the end of 2022.
#3. DigitalCoin AR Price Forecast for 2021, 2022, 2023, 2025
In DigitalCoin analysis, the price of Arweave cryptocurrency will rise in the next 5 years starting from $39.7189 as of today’s price to $154.8444613. It will go up to $66.4298066 by 2022 and starts its reduction in 2023–2024. Based on this forecast, Arweave is a profitable long-term investment.
Summary
As it can be clear from the analysis cited above, Arweave (AR) projections are rather contradictory. There is no universal consensus either about positive or negative future AR price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the Arweave projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
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