Stacks

Millions

Arweave

Shiba Inu

Pyth Network

<p>Arweave (AR), a leading decentralized storage protocol enabling permanent archival of application data and web pages, has abruptly surged over 40% in a breakout rally fueled by fundamental network improvements.</p>
<p>The sharp move makes AR a gainer among the top 100 largest market cap cryptocurrencies as attention returns to the innovative project. It is also the top gainer on Binance. We dive into the latest developments, sending Arweave’s native token parabolic.</p>
<h2 class="wp-block-heading" id="founder-highlights-network-throughput-scaling-6x">Founder Highlights Network Throughput Scaling 6X</h2>
<p>In a timely tweet amidst the rekindled AR buying frenzy, Arweave founder <strong>Sam</strong> <a href="https://twitter.com/samecwilliams/status/1762599158400074226" target="_blank" rel="noopener noreferrer nofollow">pointed</a> out a key recent milestone – processing over 600 transactions per second (TPS) smoothly.</p>
<p><strong>“Arweave has been running at &gt;600 TPS today. Highest throughput of any permissionless blockchain,”</strong> Sam declared, emphasizing benchmark-topping overall efficiency.</p>
<p>This demonstration of real-world layer 1 capacity scaling helps support Arweave’s narrative and value proposition against rivals in decentralized storage and computing. The developments come right as speculation pivots back towards the network’s growth potential.</p>
<h2 class="wp-block-heading" id="arweave-ao-testnet-launch-enables-new-use-cases">Arweave AO Testnet Launch Enables New Use Cases</h2>
<p>Beyond base layer optimization, Arweave further propelled its native token by unveiling the initial testnet version of an ambitious new module called Arweave AO.</p>
<p>Per <a href="https://twitter.com/samecwilliams/status/1757161860028150159" target="_blank" rel="noopener noreferrer nofollow">Sam</a>, the “<strong>Arweave AO protocol [is a] hyper parallel computer living inside Arweave” </strong>– essentially functioning as a massively parallelized environment for running syncronized proof-of-stake computations over the network.</p>
<p>By expanding functionality to diverse applications like <a class="wpil_keyword_link" href="https://captainaltcoin.com/best-ai-crypto-projects/" title="AI" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">AI</a> data training pipelines requiring immense compute resources spread across nodes, Arweave emphasizes its prioritization of meaningful utility advancement versus stagnating after an initial offering.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Transform Hundreds Into Millions With the Magic of Memecoins – think $BONK, but bigger! <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;">
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p>The key? Getting in early, especially during the IDO phase. <strong><a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow">Get in on NuggetRush</a></strong> now! This innovative memecoin blends play-to-earn gaming with real-world gold mining. Join soon to take advantage of the<strong><a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow"> current ICO prices</a></strong>!</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<h2 class="wp-block-heading" id="daily-rsi-reaches-overbought-levels">Daily RSI Reaches Overbought Levels</h2>
<p>Supporting the roaring rally from under $16 to briefly over $26, Arweave’s daily Relative Strength Index (RSI) momentum indicator predictably surged into overbought territory above 80.</p>
<p>This signals that, despite strong underlying fundamentals, the vertical price move exceeds sustainable velocity at current adoption levels. Some cooling of the euphoria should be expected, opening the door for reinforcing consolidation and potential dip buying to set the stage for continuation.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="381" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-1025-1024x381.png" alt="" class="wp-image-444761" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/image-1025-1024x381.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1025-300x112.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1025-768x286.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1025-1536x572.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1025-2048x763.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1025-403x150.png 403w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1025-100x37.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1025-940x350.png 940w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1025-788x293.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1025.png 1721w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>With AR already up more than 50% in the last 24 hours, holders have much to celebrate while considering prudent risk management if seeking to ride further upside. Still, Arweave reminds markets of its impressive capabilities in attacking blockchain scalability limits that constrained previous architectures.</p>
<p>AR has dropped to $23.44 at press time, after hitting a 24-hour high of $26.67, according to CoinMarketCap data.</p>
<p>You may also be interested in:</p>
<ul>
 <li><a href="https://captainaltcoin.com/expert-urges-caution-on-long-term-meme-coin-holdings-dogecoin-shiba-inu-and-others/" target="_blank" rel="noopener noreferrer nofollow">Expert Urges Caution on Long-Term Meme Coin Holdings; Dogecoin (DOGE), Shiba Inu (SHIB), and Others</a></li>
 <li><a href="https://captainaltcoin.com/stacks-stx-and-pyth-network-pyth-prices-pumping-heres-why/" target="_blank" rel="noopener noreferrer nofollow">Stacks (STX) and Pyth Network (PYTH) Prices Pumping – Here’s Why</a></li>
 <li><a href="https://captainaltcoin.com/xrp-price-faces-downward-pressure-investors-turn-to-bdag-and-pushd/" target="_blank" rel="noopener noreferrer nofollow">SEC vs Ripple Lawsuit Prompts Investors to Turn Towards BlockDAG’s $2M Presale</a></li>
</ul>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/Copy-of-P2P-Review-17-qi3pqhl3pi3mlojv8nq0upz5rcb68rblc7kuvhcaou.png" width="500" alt="Check NuggetRush ($NUGX)" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-nuggetrush-nugx-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check NuggetRush ($NUGX)</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy NUGX Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Being in its <strong>ICO stage</strong>, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>A unique <strong>play-to-earn</strong> gaming platform in the memecoin market <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>The platform combines artisanal and <strong>gold mining</strong> with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Fosters a strong <strong>community </strong>by encouraging physical meetups among members <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i><strong>NFT</strong> Integration with Prominent Characters
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/why-is-arweave-ar-price-up-by-40/" rel="noopener noreferrer nofollow">Why is Arweave&nbsp;(AR) Price Up By 40%?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Why is Arweave (AR) Price Up By 40%?

Table of Contents

CaptainAltcoin

Other articles published on Feb 28, 2024

Crypto Market Ends February on High Note with Strong Gains

SingularityNET (AGIX) And Fetch.ai (FET) Seek Room For Higher Gains, But Investors Target Higher ...

Shiba Inu’s Price Surge Gains Momentum

VET Charts Signal Strong Bullish Momentum; Golden Ratio Revisited

SBF is target for assault and extortion in prison claims fellow inmate

OpenAI Challenges New York Times Over Allegations of Hacking for Evidence

Join our free newsletter for daily crypto updates!