- 1 The AR token price slipped by 1.96% in the past 24 hours and was trading at $9.87 at press time.
- 2 The technical indicators are supportive and point to a positive outlook ahead.
Arweave is a decentralized storage network that hosts a permanent decentralized web called “the permaweb”. It also supports developers who want to build on the permaweb, by offering profit sharing tokens, incubators and fee storage.
Arewave’s permaweb is based on a novel blockchain variant called black weave. It links each block to a previous and a random one creating a secure and scalable network. AR is the native token of permaweb. It is used to reward miners who store the data on the network.
The trend analysis over the past three months showcases a positivity in the price. The price has been rising for the past three months with minor pullbacks. The price performance shows that the crypto has gained over 131.49% in the past three months and is going to close the year with a positive gain of 58%.
The technical indicators like EMAs are supporting the price trend and point to a positive outlook ahead. The RSI line is showing a bullish crossover with the SMA line highlighting short term positivity.
Arweave Price Prediction 2024
The volume analysis shows that the trading volume dropped by 22.52% and reached $24.61 Million in the past 24 hours. The AR crypto ranks 95th among the top cryptos with a live market cap of $645.10 Million. The volume-to-market cap ratio is 3.95%, indicating low volatility in the market.
The price prediction of AR crypto showcases a neutral to positive outlook ahead. The most optimistic estimate of the analysts expects the price to reach a high of $17.54, indicating an upside potential of over 77.74%. The pessimistic outlook of the analysts assumes a drop to $14.51.
Arweave Price Prediction 2025
Over the next two years, the Arweave cryptocurrency price may incline to a high of $21.146. On the other slide, the minimum value up to which the price may reach is expected as $18.57.
Arweave Price Prediction 2026
The Arweave cryptocurrency price may reach a high of $28.33 if an optimistic trend prevails in the crypto market. On the flip side, the pessimistic view of the analysts expects the price to reach $22.640 by 2026.
Arweave Price Prediction 2027
Over the next three years the Arweave crypto may see a high price hike. The price may therefore reach a high of $34.67 by the year end. Whereas the lower value that the price cloud achieves is $27.41.
Arweave Price Prediction 2028
The analysts are optimistic about Arweave future prices and predict that the price could go up to $41.89 in the next four years. However, the pessimistic analysts expect the price to drop to $33.08.
Arweave Price Prediction 2029
By the year 2029, the AR crypto price may rise to a high of $48.10 suggesting an upside potential of nearly 400% by the end of year 2029. The lowest price up to which the crypto may surge is predicted at $39.20.
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Steefan George is a crypto and blockchain enthusiast, with a remarkable grasp on market and technology. Having a graduate degree in computer science and an MBA in BFSI, he is an excellent technology writer at The Coin Republic. He is passionate about getting a billion of the human population onto Web3. His principle is to write like “explaining to a 6-year old”, so that a layman can learn the potential of, and get benefitted from this revolutionary technology.