Arweave Price Prediction as Instagram uses Storage Service, AR up 45% in 7 Days
Image source: Arweave AR, the native token of a relatively less-known decentralized storage service called Arweave, has gained over 45% over the past week amid the news that Meta has chosen the protocol to archive its creators' digital collectibles. The token has outperformed the broader crypto market over the past week, registering some impressive gains despite the overall flat market . In the last 24 hours, AR’s trading volumes have increased to around $400 million as speculative traders rush to take advantage of the ongoing rally. As of now, AR is trading around the $15.13 mark, down by 4.1% over the past day. However, considering that the coin gained over 60% yesterday, the slight correction is pretty insignificant. The coin's 24-hour range is between $14.31 and $16, showing relatively high volatility. If the coin continues to rally, $17 will likely be tested again, and a rally to $20 could be on the way. On the other hand, if the selling pressure inc...