This year has been a tough sail for Arweave since May 2022, when the Terra/Luna implosion caused a cascade of bankruptcies, layoffs, and liquidations. Subsequently, the chain of unfortunate market and geopolitical events like the Russian invasion of Ukraine, U.S. inflation, and 3AC and Celsius insolvency, has also contributed to the downward pressure on the price of AR.
With the recent massive downfall of the crypto market caused by FTX contagion, is it possible for Arweave to reclaim its all-time high in 2023? Continue with the article to learn about Arweave price analysis and prediction by Coinpaper.
What is Arweave?
Founded in 2017, Arweave bills itself as a “global permanent pendrive,” allowing users to store data on the network for a one-time fee paid in AR tokens. Arweave’s permanent storage was used to archive millions of social media posts, photos, videos, and articles documenting the war in Ukraine and Hong Kong protests. Recently, Facebook parent Meta announced it will use the decentralized data storage protocol Arweave to permanently store digital collectibles from Instagram.
Arweave (AR) price
Currently, Arweave Price is USD. AR has a circulating supply of coins and a total supply of . If you are looking to buy or sell Arweave, Binance is currently the most active exchange.
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Arweave price prediction 2023
The current market sentiment is full of fear, uncertainty, and doubt (commonly known by the acronym FUD), as fears of FTX contagion mount. At the moment, it’s difficult to assess exactly how much damage has FTX collapse has done to the crypto industry, since some affected crypto companies may be already secretly insolvent due to highly leveraged positions, as we have seen in the aftermath of Terra's implosion.
According to our estimates, it will take months for the full scale of FTX bankruptcy to become clear, so the turning point for the crypto market won’t come before late Q1 to early Q2 2023, although for now, it seems that the industry has absorbed most of the damage.
Another market factor that should be taken into consideration is how successful will be the U.S. Federal Reserve’s efforts to curb inflation. For now, there is reason to believe that Fed is making some progress in its attempts to cool the overheating economy — on November 30, Federal Reserve Chair Jerome Powell announced it’s time to slow the pace of coming rate hikes, which immediately triggered a positive reaction from both crypto and equity markets.
Given the above information, one can easily guess that there will be a considerable divergence between bullish and bearish Arweave 2023 price predictions due to multiple unknown factors. For this reason, we estimate that the bullish scenario will see Arweave price at $13.06 to $16.73. On the flip side, a fading interest in the new meme coin may push the price of Arweave to $7.25-$6.84 lows.
Arweave price prediction 2024
In 2024, the global macroeconomic backdrop is likely to be more favorable to the crypto market, adding value to Arweave (AR) and other cryptos. However, the possibility of black swan events similar to the collapse of FTX cannot be completely ignored.
Keeping this in mind, we foresee the price of Arweave to climb as high as $22.77, with the more distant prospect of reaching $29.72 in 2024. The bearish scenario is likely to see Arweave (AR) trading between $16.26 and $11.63 in 2024.
Arweave price prediction 2025
Since it’s practically impossible to foresee what market factors will influence cryptocurrency prices in 2025, this part of our Arweave (AR) price analysis and prediction is based on pure speculation and observation of Arweave historical price movements.
Our Arweave 2025 price forecast expects AR to rally towards $38.37 and reach $46.94 by the end of the year. The bearish scenario would see Arweave at $27.18 to $21.38.
Arweave (AR) price prediction 2026
Looking ahead four years, to 2026, Coinpaper's price prediction for Arweave is neutral. In 2026, we expect Arweave to reach at least $50.94 before climbing higher to $59.26. In case of a bearish scenario, Arweave may fall to $41.63.
Is Arweave (AR) a good investment?
Since AR token has a solid utility case as a payment method for decentralized storage space on Arweave protocol, it can be a good addition to the altcoin allocation in your portfolio. Moreover, the recent integration with Meta sent token soaring by 60% on November 3. However, bear in mind that investing in cryptocurrencies carries a high degree of risk, so make sure to do your own research before investing in any token.
Are you ready to invest in Arweave? Very few if any analysts forecast its value going down to zero, although you can’t be sure these days, so make sure you always do your own research before making investment decisions. And keep in mind that cryptocurrency prices can be extremely volatile, so trading crypto always involves a high degree of risk.
You can buy AR from many crypto exchanges, including Binance
Disclaimer: Coinpaper does not recommend that any cryptocurrency should be bought, sold, or held by you. Always conduct your own research and consult your financial advisor before investing in any digital asset.
Who created Arweave?
Arweave was founded in 2017 by Sam Williams (Co-Founder & CEO) and William Jones (Co-Founder & CTO).
What was the all-time high for Arweave (AR) ?
The all-time high price of Arweave is $ on 2021-11-05