Cryptocurrency Arweave Decreases More Than 8% Within 24 hours

Arweave's AR/USD price has decreased 8.48% over the past 24 hours to $38.81, continuing its downward trend over the past week of -3.0%, moving from $40.34 to its current price.

The chart below compares the price movement and volatility for Arweave over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

Arweave's trading volume has climbed 2.0% over the past week along with the circulating supply of the coin, which has increased 0.74%. This brings the circulating supply to 65.45 million, which makes up an estimated 99.17% of its max supply of 66.00 million. According to our data, the current market cap ranking for AR is #48 at $2.53 billion.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.