If you are considering investing in the Arweave cryptocurrency, you will most probably be interested in getting its price predictions. Things like the currency’s price today, its short term price prediction and its long term price prediction will be key in making the decision on whether to invest in it. In this article, you will find a comprehensive price prediction guide for this cryptocurrency.
What is the general outlook for Arweave price prediction? Well, going by the trends over the period that Arweave has been trading, we can predict that its price will continue to be on an upward trajectory for the foreseeable future. While Arweave’s price today is at around $74.45, we can predict that it will be hovering around $80 by the end of the year 2021. That should go up to $110 by the end of 2022, $330 by the end of 2025 and as much as $2,200 by the end of 2030.
Therefore going by this AR price prediction, it comes across as something worth investing in. That is especially the case if you take a long-term view. Then again, it is important to remember that no Arweave crypto price prediction is perfect, as so many factors could come into play. What we can say with confidence is that if the current trends continue, Arweave is likely to cross the $1,000 mark by 2028.
What is Arweave?
Arweave is best described as a blockweave-based coin. Blockweave technology offers on-chain permanent scalable storage of data. Thus, people who have data that they want to store ‘permanently’ pay people who have storage space (in Arweave coins) for that utility.
To put it differently, the way to mine Arweave coin (at the most basic level) is by offering storage space. The people who manage to mine the Arweave coins in this way are then able to trade them, just like all other cryptocurrencies.
Who Created Arweave?
Arweave was created by Sam Williams and William Jones, two PhD students at the University of Kent in the UK. That was in the year 2017 – though it only went live in 2018 and started to trade later.
Arweave AR Historical Price Analysis
Before venturing deep into future Arweave price prediction, it is important to have insights on its historical price analysis. This would give us a good starting point to launch into Arweave crypto price prediction. As a matter of fact, one can’t claim to be giving a meaningful AR price prediction without saying anything on its historical price data.
As it turns out, Arweave’s price, when it started trading, was at $0.47. Within a period of less than 3 years, that has risen to more than $74. Its historical high was on November 3rd – when the price was around $90. That has since slid a bit, to settle in the $72 to $74 range as at November 9th, 2021.
AR Market Cap
Arweave market cap is at around $3.89 billion.
AR Circulating Supply And Total Supply
Another key thing we need to look at, before diving into Arweave price prediction is its circulating supply and total supply. This will give us the foundation within which we can put the AR price prediction into context. Conversely, without insight into the circulating supply and total supply, it is almost impossible to make sense of the Arweave crypto price prediction.
As it turns out, Arweave has a circulating supply of 50 million coins and a total supply of 66 million coins.
Arweave Price Today – Current Price
As at November 9th, 2021, Arweave price stands at $77.45. Having that insight on the current price is critical, before venturing deeper into Arweave price prediction. It is a pity to see folks trying to give AR price prediction analyses without first mentioning anything about the current price. Yet this is something we see very commonly in Arweave price prediction Reddit threads. In fact, very rarely will a Reddit Arweave price prediction thread giving background information on the cryptocurrency’s current price.
So, as at November 9th, 2021, Arweave price stands at $77.45. That is lower than its all-time high of $90 attained on November 4th, 2021, but still quite high for a cryptocurrency that has been in the market for less than 3 years.
Arweave (AR) Future Price Forecast Prediction
Going by the past trends, as well as the developments we are seeing in the cryptocurrencies niche, we can expect the price of Arweave to continue rising in the foreseeable future. We can reasonably expect it to be hovering around the $80 mark by the end of 2021. And we can expect it to cross the $100 mark by the early to mid-2022. By 2025, we can expect it to be in the $330 mark and by 2028, we can expect it to have crossed the $1,000 mark.
Several factors are likely to work in Arweave’s favor, going forward. Firstly, we are likely to see more and more people expressing interest in investing in cryptocurrencies. This should happen as awareness about cryptocurrencies goes up.
As more people express interest in investing, the demand will go up – and hence the price. Secondly, we are likely to witness growth in demand for the permaweb storage that underlies Arweave. This too should translate into growth in price.
Of course, there may be other coins based on blockweave technology that come into the market after Arweave. But Arweave, being the pioneer in this niche means that those later entrants will be playing catch up with it. Therefore the AR Arweave price prediction is by and large an optimistic one: at least for the foreseeable future.
Arweave (AR) Short Term Prediction
Arweave current price is at $77.45 (as at November 9th, 2021). It is reasonable to expect it to rise to around $80 by the end of November 2021. This is going by the past price trends. So for the remainder of 2021, it should be oscillating between $75 and $80.
But it may attain even more spectacular price rises – remembering, for instance, the coin’s all-time high was in early November 2021. Then it rose to almost $90. So the possibility of it going to as high as $90 by the end of December 2021 is still there.
Going by the current trends, it is reasonable to expect it to rise to above $110 by the end of December 2022. At the very least, our AR price prediction 2022 shows it crossing the $100 mark within that year. And by 2023 (that is by the end of 2023), it should be at $150. So that is our AR price prediction 2023: for it to be in the $150 range by end of the year 2023.
Arweave (AR) Long Term Prediction
Unless something truly big happens to mess up its trajectory, Arweave should attain spectacular growth in the long term. Our AR price prediction 2025, for instance, is one where we project it to be above $300, more likely in the $320 to $330 range.
Going further, our AR price prediction 2030 is one where we project it to have crossed the $2,000 range: possibly trading in the $2100 to $2250 range.
As more and more people learn about cryptocurrencies in general and blockweave technology in particular, we are likely to see a huge growth in demand. It is this growth in demand that is likely to drive the spectacular price growth for Arweave, going forward in the long term.
Arweave Price Prediction 2023
Going by the current trends, we expect the Arweave price to rise to between $150 and $160 in the year 2023. By the year 2023, Arweave is likely to have broken into the ranks of the top 30 cryptocurrencies (seeing that it is based on a novel technology which many people are likely to get excited about upon coming to learn of it).
Given that as at November 9th, 2021 it is trading at $77.45, it is reasonable to expect it to be in the $150 to $160 range in 2023.
Arweave Price Prediction 2025
Our AR price prediction for the year 2025 shows it trading in the $320 to $330 range. This is to say that if you buy 100 Arweave coins today at $7,500 today, you can reasonably expect to be in a position to sell them at between $32,000 and $33,000 in 4 years’ time (by end of 2025). But if other factors come into play, the price growth could be even bigger.
Arweave Price Prediction 2030
Our AR price prediction for the year 2030 shows it trading in the $2,100 to $2250 range. And that is in just 9 years’ time. Let’s put this into perspective. If you buy 100 Arweave coins today at $7,500, you can expect to sell them for $210,000 and $225,000 in just 9 years’ time!
These figures are not as outlandish as they sound. Wasn’t Bitcoin trading for as little as $22 in 2013? And what are its prices today? Once you take that outlook, you see that the possibility of Arweave’s price growing to the $2100 to $2,250 range by 2030 is very real. And that growth expectation is actually quite conservative.
Arweave Price Prediction 2040
Should current trends continue (as there is no good reason why they shouldn’t), our AR price prediction for 2040 is that the coin is likely to have crossed the $10,000 mark by then. By then of course, it is mostly the folks who managed to grab it early (like now, when it is trading at $74.77) who would be enjoying the gravy.
Thus while one may encounter suggestions that the coin’s current price of $74.45 is too high, the truth of the matter is that there is likely to be more spectacular growth to come in years and decades.
Is Arweave A Good Investment?
If you are looking for a cryptocurrency with potential for decent returns then yes, Arweave is a good investment. It has shown strong and sustained growth over the period it has been trading.
Further, if you are seeking a cryptocurrency that is relatively secure, Arweave is a good investment. This is because the (permaweb storage) idea underlying it is one that makes sense at a fundamental level. This is not a coin that is mined ‘out of nothing’.
Rather, it is a coin that comes into existence as a reward for rendition of a useful (data storage) service. That is rather reassuring.
Is Arweave Safe To Buy?
For the most part, Arweave is safe to buy. Of course, all investments in cryptocurrencies come with a certain degree of risk. But by and large, Arweave is one of the securer ones.
How To Buy Arweave? Step By Step Guide
If you want to buy Arweave, the first step is that of opening a crypto exchange account. This has to be one of those exchanges that support Arweave. So you first check to establish whether an exchange supports Arweave. Then you open an account there.
After opening the exchange account, you will need to verify it. This will typically entail giving proof of ID. It should be a fairly straightforward process.
The next step is to deposit funds into the exchange account. So, for instance, you move funds from your debit/credit card or bank account into the exchange account.
Once you have funds in your exchange account, you will proceed to buy the Arweave coins. So you just click to indicate that you wish to buy Arweave. Then you indicate how many units you wish to buy. Thereafter you complete the transaction.
After buying your Arweave coins, you can move them to a digital wallet for storage.
Best Crypto Exchanges To Buy Arweave?
Binance is one of the best exchanges where you can buy Arweave. Another good exchange you can buy Arweave from is FTX. ZT and Mandala Exchange are good too, as is Huobi Global.
How High Will Arweave Go?
If current trends continue (and there is no good reason why they shouldn’t), we can expect Arweave to cross the $100 mark by early to mid-2022. We can expect it to be above $300 by 2025, and to cross the $1,000 mark by 2028.
Will Arweave Go Up Tomorrow?
Arweave price growth has been gradual but sustained. So we can expect its price to go up marginally tomorrow.
Will Arweave Reach $1?
Arweave crossed the $1 mark quite a while ago. Presently (as at November 9th 2021), it is trading at $74.45. So we are looking forward to it crossing the $100 mark soon. That should possibly be by early to mid-2022, going by the current trends.
Is Arweave Better Than Filecoin?
If you are considering things like current price, potential returns on investment and long-term sustainability, then Arweave comes across as being somewhat better than Filecoin.
Final Verdict – Arweave Price Prediction AR Coin
As we have seen, the Arweave price prediction is by and large an optimistic one. While Arweave price currently (as at November 9th 2021) stands at $74.45, we can expect to rise to cross the $100 mark by early to mid 2022. And in the long run, we can expect to be in the $320 to $330 range by 2025, crossing the $1,000 mark by 2028.
Thus, if you are seeking a relatively secure cryptocurrency coin with good and sustainable potential returns, Arweave is definitely worth considering.