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Arweave (AR): The Next Big Crypto Player? Analyzing Its Potential Rise
Spiral Strategies & Art S
March 27, 2024
Welcome back fellow strategists to another edition of our in-depth token analysis! You're in for a treat with this edition of the newsletter—trust us, you won't want to miss out on what we've got in store! 🚀✨
Simple yet transformative
It's like Bitcoin, but for data, fostering limitless potential. From safeguarding critical information to empowering impartial web applications, Arweave offers stability, maturity, and boundless opportunities within its decentralized ecosystem.
Separation from the competition
Arweave currently sits at at $2.3 Billion market cap as the 2nd most highest valuation by market cap after Filecoin with plenty of room left for growth.
Offering a platform for Developers, Enterprises, content creators, startups and innovators, Researchers and academics.
Permanent and Immutable Storage: Arweave offers permanent and immutable storage, meaning that once data is stored on the Arweave network, it cannot be altered or deleted, ensuring long-term data integrity.
Decentralization: Arweave's decentralized architecture eliminates the need for centralized authorities or intermediaries, providing a trustless environment for storing and accessing data.
Economic Model: Arweave's economic model incentivizes users to store data by rewarding them with tokens, creating a self-sustaining ecosystem where users contribute to the network's security and resilience.
Low Cost: Arweave's low-cost storage solutions make it an attractive option for individuals and businesses looking to store large volumes of data without breaking the bank.
Scalability: Arweave's innovative blockweave structure allows for high throughput and scalability, enabling the network to handle increasing volumes of data without sacrificing performance.
Developer-Friendly: Arweave provides developers with easy-to-use tools and APIs for building decentralized applications (dApps) on top of the network, fostering innovation and creativity within the Arweave ecosystem.
Community Governance: Arweave's community-driven governance model ensures that decisions regarding the network's development and evolution are made collectively by its users, promoting transparency and inclusivity.
Cross-Chain Compatibility: Arweave is compatible with other blockchain networks, allowing for interoperability and seamless integration with existing decentralized applications and protocols.
Here are three reasons to consider #Arweave for your next project:
🤝 No fee market, no monthly contracts [pay once, store permanently]
💡 A growing ecosystem: solid tools and docs (+ @aoTheComputer!)
💽 Onchain storage at any scale [s/o to bundling!]
— Only Arweave (@onlyarweave)
2:17 PM • Mar 18, 2024
Distribution and Tokenomics
Arweave's distribution strategy is praised for its fairness and inclusivity, ensuring that early supporters, seed investors, and later participants have equitable access to tokens.
With gradually increasing prices and 100% unlocked tokens across various categories, Arweave promotes transparency and active participation within its community.
This approach fosters trust, aligns incentives, and sets a solid foundation for decentralized governance and long-term sustainability.
Category | Price per Token | Amount Raised | Valuation | Lockup Status |
|---|---|---|---|---|
Early Supporters | $0.18 | $1.07M | $11.9M | 100% Unlocked |
Seed Round | $0.18 | $1.07M | $11.9M | 100% Unlocked |
Private Round | $0.56 | $4.96M | $37M | 100% Unlocked |
Public Round | $0.72 | $1.78M | $47.5M | 100% Unlocked |
Team | - | - | - | 100% Unlocked |
Advisors | - | - | - | 100% Unlocked |
Partnerships | - | - | - | 100% Unlocked |
Mining | Gradual | - | - | - |
Incentives | - | - | - | 100% Unlocked |
Ecosystem | - | - | - | 100% Unlocked |
Arweave benefits from having 99% of its maximum supply (66 million) currently in circulation, ensuring ample liquidity, widespread accessibility, and vibrant network engagement, all contributing to a robust ecosystem.
Current Price action as of 24/03/24
We are due for a big FUD event as we head into a temporary bear cycle from a seasonality perspective. We highly recommend to use this opportunity in the market to get some great fills and entries on a fundamentally strong name.
We expect a retracement to $22.375 since the push from $3.6 has yet to see a pullback. With the market being over exuberant since November 2023 with a recent push to $47 we expect a healthy recline to test the 61.8% Fib.
We expect prices to be between $12-$22.375 before we see a big push to break the current high at $47.
With a weekly gap at $60 yet to be filled we can expect a minimum 170% gain from our optimal entry level at $22.375 which creates a 2:1 risk reward profile.
Please keep in mind this position should make up 0.5% - 3% of an ideal portfolio allocation.
Breaking down our MACD we can see a confirmed bullish divergence signaling we are entering our bull phase for the altcoin cycle. This instills confidence that this is still and optimal time to be rotating into altcoins as BTC leads the current market cycle.
As we can see the MACD breakout violently on a weekly timeframe we are expecting and equal and opposite reaction to the downside bring us down back to value levels offering a last chance to enter before prices become overvalued.
Stay tuned for our future reports on Arweave once all time high at $90 is broken for our price projections!
DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.
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