AR.X Arweave

After yesterday’s Federal Open Market Committee (FOMC), the Ethereum price and the crypto market have held their ground. Those market participants expecting a return to the previous range might be disappointed as macro-economic forces Related Reading: Arweave (AR) Rallies By Over 60%; Levels To Watch For Price Continuation At the time of writing, the Ethereum price trades at $1,540 with a 2% profit in 24 hours and a 2% loss in the previous seven days. Other cryptocurrencies in the top crypto top 10 by market capitalization follow this trend, but the majority record positive momentum. Ethereum Price Sustains Positive Outlook The current Ethereum price action has come as a shock for many market participants. As mentioned, market participants expected downside pressure after the U.S. Federal Reserve (Fed) reiterated its hawkish stance. However, the financial institution raised rates by 75 basis points (bps) within market expectations. The Fed and its Chairman Jerome Powell offered no surprise and will likely stay on their current course for 2022. Therefore, the crypto market can sustain its levels even as equities see losses. All major narratives in the nascent asset class have been suspended, at least until tomorrow, when the U.S. government will release new economic data. Talking about the recent price action in the crypto market, analyst Justin Bennet said: It would be ironic if markets rallied after Powell’s attem...

AR’s price shows much strength after breaking out from its long downtrend movement. AR trade with good volume, breaking out from a downtrend as price eyes a rally to a region of $27. AR’s price remains strong on the daily timeframes as the price trades above the 50 Exponential Moving Average (EMA) but faces resistance at 200 EMA. Arweave (AR) price showed some great price action as the price rallied from its weekly low of $8 as the price fell from a high of $90 in recent months. The crypto market has enjoyed a bit of relief across all assets, with Bitcoin (BTC) showing great traction, rallying and dragging the market. Arweave (AR) has enjoyed this relief bounce happening in the crypto space as the price of AR continues to show great price movement on all timeframes. (Data from Binance) Related Reading: Shiba Inu Price Forecast Points To Downbeat November For SHIB Arweave (AR) Price Analysis On The Weekly Chart The past week has seen many altcoins continue to produce over 200% gains over the past 7 days of breaking out of their range-bound movement, as many believe more hope could be settling into the crypto space once more. The new week has looked more promising for some altcoins, like AR rallying with over 60% in less than 24 hours, showing the price action and volume for buy orders. After dropping from its high of $90 some months back, the price of AR has maintained a downtrend price movement with little to no ho...

Web2 giant meta interrogates Arweave for storing digital collectibles on their social media platform Instagram causing a massive inflow in AR price. Moreover, this perpendicular growth assisted buyers in forming a bullish reversal pattern called the double bottom. Under the influence of this pattern, the altcoin should eventually rise above the $16.5 ceiling. Key points: The post Arweave Prices Skyrocketed 57%; Will This Rally Continue? appeared first on CoinGape.

Meta has integrated decentralized data storage protocol Arweave to permanently store digital collectibles from Instagram.

Like Reddit, Instagram turned to Polygon for its NFT plans, while attempting to offer users permanent storage through Arweave.

Arweave (AR) skyrockets 60% on Instagram integration news