The post Arweave News: Will AR Price Crash to $5? appeared on BitcoinEthereumNews.com.

With the ongoing market downturn, analysts are worried that Arweave’s price might plunge. Could it really fall to $5? Dive into this Arweave price prediction article to find out more. How has the Arweave (AR) Price Moved Recently? AR/USDT Daily Chart- TradingView Arweave’s current price stands at $20.71, with a 24-hour trading volume of $257.02 million and a market cap of $1.36 billion, giving it a market dominance of 0.07%. The AR price has dropped by 17.26% in the past 24 hours. Arweave hit its peak price of $90.68 on November 5, 2021. Its lowest price was recorded on April 30, 2020, at $0.430141. Since reaching its all-time high, the lowest price was $3.74, while the highest rebound was $49.50. Despite recent declines, the Arweave price prediction sentiment remains bullish, with the Fear & Greed Index at 29 (indicating Fear). Currently, 65.45 million AR are in circulation out of a maximum supply of 66.00 million AR. The annual supply inflation rate is 96.00%, with 32.06 million AR created in the past year. Will Arweave (AR) Price Crash to $5? The price of AR (Arweave) has experienced significant growth over the past year, increasing by 246%. This remarkable performance has outpaced 82% of the top 100 crypto assets and surpassed major cryptocurrencies like Bitcoin and Ethereum. Despite these impressive gains, several factors suggest potential vulnerabilities in its price stability. Historically, AR’s substantial growth highlights its strong past performance. However, the inconsistency is evident, with only 13 green days in the last 30 days, accounting for 43% of the time. This indicates a trend of volatility. On the technical front, AR is trading above the 200-day simple moving average (SMA), suggesting a bullish trend as the current price remains higher than the average price over the last 200 days. Additionally, AR’s high…

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Filed under: News - @ July 5, 2024 12:26 pm