'Arweave is a decentralized storage network that seeks to offer a platform for the indefinite storage of data. Describing itself as "a collectively owned hard drive that never forgets," the network primarily hosts "the permaweb" — a permanent, decentralized web with a number of community-driven applications and platforms.' This essentially describes the main essence of this coin. This cryptocurrency has few competitors, the main of which is Filecoin. But in my opinion, Arweave has the best team, tokenomics and infrastructure. So, why is this the next big thing in the crypto space? The answer is simple: the demand for decentralized data storage will only grow, and this is probably one of the best projects to invest in. From the technical point of view, the analysis shows that the sale volume are decreasing and there's a gradual accumulation in the area around $7-10. This will be the ideal entry point. At this stage, I have already bought coins for $250 and plan to buy more in the future. But no more than $1,000. My avg. entry price @ $10.55, TP $40, $70, $100, without stop losses, because I only invest what I can afford to lose.
Comment:
'Meta is now utilizing Arweave for the storage of their creator's digital collectibles on Instagram'. This is definitely very positive news. The only bad thing is that I only bought 1/4 of what I had planned :)
Comment:
Bought another 25 coins @ $10 (2/4, $500 invested in total)