- Bullish AR price prediction ranges from $39.71 to $90.03.
- AR price might also reach $100 soon.
- AR bearish market price prediction for 2022 is $6.77.
This Arweave (AR) price prediction 2022 article is based on technical analysis. Below, you will see the key confluences why we arrived at our Arweave (AR) price analysis and prediction.
The cryptocurrency market is growing steadily and gaining momentum with the total market capitalization of all cryptocurrencies tending towards $1.925 trillion according to CoinMarketCap. The price of AR has increased by over 242% in the past 1 year, which is equivalent to $2.42 returns for each $1 investment.
In this Arweave (AR) price analysis and price prediction, we take a look at the performance of AR and if it will reach $100 by the end of 2022. But before that, let us look at is Arweave (AR)?
What is Arweave (AR)?
Arweave is a decentralized storage network that seeks to offer a platform for the indefinite storage of data. Describing itself as “a collectively owned hard drive that never forgets,” the network primarily hosts “the permaweb” — a permanent, decentralized web with a number of community-driven applications and platforms.
The Arweave network uses a native cryptocurrency, AR, to pay “miners” to indefinitely store the network’s information.
The project was first announced as Archain in August 2017, later rebranding to Arweave in February 2018 and officially launching in June 2018.
How does Anchor Protocol (ANC) work?
According to its yellow paper, Arweave seeks to ensure the “collective ability to store and share information between individuals and across time to new generations.” In order to accomplish this goal, its flagship permaweb is built on top of Arweave’s “blockweave,” a variation of blockchain technology in which each block is linked to both the one immediately prior and also a random earlier one. Arweave says this incentivizes miners to store more data because they need to be able to access random previous blocks to add new ones and receive rewards.
Arweave is focused on building a sustainable ecosystem around the network. In June 2020, it unveiled “profit sharing tokens,” which allow developers to receive dividends when network transaction fees are generated from their application, and it hosts incubators to support the building of permaweb-based apps. The project also works with startups through its “Boost” program, offering free storage and access to the Arweave team and industry investors.
Current Market Status for Arweave (AR)
At the time of writing, the price of Arweave (AR)) is $31.55 with a 24-hour trading volume of $87,741,347 and an increase in price of 5.5%.
The present circulating supply of AR is 33,394,701.00. Some of the major exchanges for AR are Binance, Bittrex, Kucoin, Gate.io, LBank, Huobi Global and others.
Now that we have seen the present status of Arweave (AR) in the market, let’s look at the price analysis of AR.
Arweave (AR) Price Analysis
Arweave (AR) is in the 80th position in market capitalization of cryptocurrencies according to CoinMarketCap. It has increased by 32.4% in the past 7 days.
But will the recent changes and development in the blockchain help the digital currency price to reach higher? Let’s proceed to the charts in this AR price prediction article.
From the Keltner Channel Chart above for Arweave (AR), it could be observed that the present candlestick is within the middle curve and is bearish. This could mean that the present bullish run might be coming to an end.
The relative strength index (RSI) value of AR/USDT from the chart is 48.97, which means that the present bullish run is weak since it is between 30 and 50.
The 90-MA is above the 30-MA for the AR/USDT 1day chart above which means that the price of Arweave (AR) is bullish in the long term.
Arweave (AR) Price Prediction
The chart below shows that AR has performed great over the past few days. If this trend continues, Arweave might run along with the bulls, overtaking its $39.71 resistance1 level and climbing higher to $90.03, the 2022 bullish signal.
Conversely, if the investors turn against the crypto, the bears might take over and dethrone AR from its uptrend position. In simpler terms, the price of AR might plummet to almost $6.77, a bearish signal.
Meanwhile, our long-term Arweave (AR) price prediction for 2022 is bullish. It has a high possibility of surpassing its current all-time-high (ATH) at about $90.94 according to CoinMarketCap this year. However, that will only happen if it breaks many previous psychological resistances.
Arweave (AR) Price Prediction 2022
If this bullish trend continues, AR will reach $90.03 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $71.03. Then this rise will slow down, but no major falls are expected. With upcoming, partnerships, and developments reaching $100 is quite optimistic in the price point of view but undoubtedly feasible for the near future.
Arweave (AR) Price Prediction 2023
The price of AR can move even great heights, however reaching $200 Moreover, this is possible only if the market maintains its bullish trend. In addition, only if the cryptocurrency AR breaks past psychological resistance level.
Arweave (AR) Price Prediction 2024
The price of AR can move even great heights, however reaching $300 Moreover, this is possible only if the market maintains its bullish trend. In addition, only if the cryptocurrency AR breaks past psychological resistance level.
Arweave (AR) Price Prediction 2025
In the next four years, AR prices could race up to $500. However, reaching this level could not be so difficult for Arweave as additional medium, short-term, and long-term price targets could be found to purchase or sell orders.
Arweave (AR) Price Prediction 2026
As per the latest upgrades, developments, AR price prediction, and new project forecasts of the platform. Moreover, this might boost the price of AR in the crypto market, and it will be the best investment as the price can spike and reach around $1000.
Conclusion
AR has a bright future ahead of it from 2022 to 2026. With ongoing developments happening within the Arweave ecosystem, as well as in the overall crypto market, we may see AR reach new heights.
Meanwhile, our long-term AR price prediction 2022 is bullish. In addition, it has a high possibility of surpassing over $90.03 and may reach above $100 this year. However, that will only happen if it breaks past many psychological resistances.
As said above, AR may even reach $100 if investors have decided that Arweave is a good investment in 2022, along with mainstream cryptocurrencies like Bitcoin and Ethereum.
FAQ
Arweave is a decentralized storage network that seeks to offer a platform for the indefinite storage of data. Describing itself as “a collectively owned hard drive that never forgets,” the network primarily hosts “the permaweb” — a permanent, decentralized web with a number of community-driven applications and platforms.
Like other digital assets in the crypto world, AR can be traded on many exchanges. Users can obtain AR tokens by purchasing them from cryptocurrency exchanges such as Binance, Kucoin, Gate.io and others.
Arweave is considered one of the top-rising cryptocurrencies this year. It is a good investment in 2022. However, crypto traders need to take extra care when trading in cryptocurrencies, as they are highly volatile.
Yes, for as long as the investors and the bullish market continue to side with the crypto.
AR price may reach $100 in this year if the crypto keeps pumping its growth rate.
AR is one of the active digital assets in the crypto market. With more interest in lending and saving protocols, its price will surely surge.
AR price is expected to reach between $39.71 and $90.03 by 2022.
Arweave (AR) price is expected to reach $200 by 2023.
Arweave (AR) price is expected to reach $300 by 2024.
Arweave (AR) price is expected to reach $500 by 2025.
AR price is expected to reach $1000 by 2026.
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