Arweave: The coin that will amaze us in the next bull Run.
Welcome back,
In today's blog we will talk about AR token(Arweave). For those who do not know about this coin and project, boss you must go and read about it on the link below.
I am here to talk about the token performance for last one year and so I am not getting into the details of what the project is all about but make sure you get yourself aware with this coin as this is one of the competitors to Filecoin.
The above screenshot which is taken from coingecko shows the data for this coin, the performance for last 90 days. In last 90 days the price has gained more than 100% and that is really good.
In last bull run the price for this token was 82 dollars approximately. People are bullish on this coin because of the evergreen use case that comes with it. By the for those who do not know, Solana uses AR for data storage.
The peak was recorded two years back in the month of November itself. Even I am bullish for this coin as it is close to breaking its resistance of $8-9.
If it breaks that resistance then we will see the coin climbing up to more than $12 and that is the reason you can also consider it for a short term trading thing. No financial advice so make sure you do your own research before taking any decision.
The last one-year performance is still in loss but considering the gain for 90 days, I think two more months will tell the world about the clear picture of this coin. I will keep this one in the major token holdings for sure, maybe 5-10% of my total investment will go here.
Have you heard of this coin before? do you have any opinion for it. Well feel free to share them with me.
Thank You