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A sudden fall in Bitcoin’s value to $40,000 has provoked cryptocurrency market participants to revisit other investment options. One of the best coins to invest in is Arweave (AR) which is fascinating investors with its features while Borroe Finance ($ROE) is attracting investors through its ongoing cryptocurrency ICO
Arweave (AR) Price Surges As Bitcoin (BTC) Drops
Bitcoin’s recent drop from $44,000 came about as the result of sell indicators and taking profits among the traders on Dec. 11.
What is important at this moment is whether the Bitcoin price can stay above the $42,000 level of support. This point determines whether the fall is an opportunity for buyers to “dig in,” or signals a broader market downturn.
Arweave is the decentralized platform for storing immutable data that aims to build “permaweb” – a permanent public internet space. The core of this ecosystem is AR token, which is an important aspect driving Arweave’s processes.
The AR token has been used to help pay for storing data within the Arweave network and thus guarantees the durableness of records. For contributions like transaction validation and block adding miners will receive an AR token reward. The unique incentivisation system nurtures autonomous miners which preserves the reliability of the network.
The AR tokens can be traded in numerous crypto exchanges making it accessible to many consumers. AR tokens open up
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Author: Crypto Daily