*What is AR Coin?*
AR coin is the native cryptocurrency of the Arweave network, a decentralized data storage platform ¹ ² ³ ⁴.
*Key Features:*
- It allows for the indefinite storage of data ¹ ² ³ ⁴.
- It is a utility token that can be traded on various exchanges ¹ ² ⁴.
- The total supply of AR is capped at 66 million ¹ ² ⁴.
- Arweave's blockchain is designed to provide a permanent and decentralized storage solution ¹ ² ³ ⁴.
*Arweave Network:*
- It is a decentralized storage network that hosts "the permaweb" ¹ ² ³ ⁴.
- The permaweb is a permanent, decentralized web with a number of community-driven applications and platforms ¹ ² ³ ⁴.
- Arweave's network uses a native cryptocurrency, AR, to pay "miners" to indefinitely store the network's information ¹ ² ³ ⁴.
*Price and Market Cap:*
- The current price of AR is around $23.81 ⁵.
- The market capitalization of AR is around $1.55 billion ¹ ⁴.
- AR's market capitalization is ranked #63 on CoinGecko ².$AR