Today let’s talk about the AR token. Recently, this token has been growing well. It has increased more than 10 times since the bottom. This token has gone through a bull and bear cycle. It is still the leader in the storage sector, and its strength is evident.
What is AR?
Arweave is a decentralized data storage protocol, which in human terms is a decentralized cloud disk.
What are the similar projects that belong to that track?
Currently, the mainstream decentralized storage on the market includes Arweave, Filecoin, and Storj. Each of them has unique characteristics and design concepts:
Arweave focuses on long-term or permanent data storage. Filecoin provides a decentralized market similar to traditional cloud storage, supporting flexible storage needs. Storj focuses on providing decentralized cloud storage services that provide security and privacy protection. I think the three are complementary and there is no absolute competition.
Why did it go up?
On February 28, Arweave released the public test network Arweave AO, which is used to design computing layers for social media and AI.
Arweave founder Williams even said that Arweave AO is confident to compete with Ethereum, calling itself an "Ethereum competitor". In human terms, it is just riding the coattails of AI and soaring all the way;
What’s the future like?
Judging from the big pie drawn by the founder, this project has a bright future (and which project has a smaller pie?). From the perspective of social progress, people are currently more accepting of decentralization than in 2019. AR It is a storage protocol and equipped with AI. It can be said that it meets the current needs of human beings and the market prospects are indeed good.
Can I buy it?
I have bought some of this token one after another under 8U, and the average price is around 6U. Now the price is 42U. I think there is room for an increase of about 2 times. DYOR
Everyone is welcome to leave a message for discussion. If you have any tokens you want to know about, you can leave a message to me and I will invest and analyze it with you.
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