Arweave Price Prediction: AR Sees Top Gainers, Up 19% as World’s First AR/VR Cryptocurrency Soars Toward $6 Million.

adminMay 3, 2024

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Arweave price surged 19% in the last 24 hours to $33.842, with volume also surging 21%.

This resulted in AR seeing the largest increase among the top 100 cryptocurrencies by market capitalization.

Top 100 risers (24 hours) 📈
Arweave – $AR | 14.83%
$34.00
Bonk – $BONK | 10.68%
$0.0000261
Toncoin – $TON | 8.17%
$5.27
immutable – $IMX | 6.93%
$2.20
Ivy – $HBAR | 6.01%
$0.104
— Do business with Renato Ulianov (@twrulianov) May 3, 2024

The surge in Arweave’s price is due to its recent integration with HackMD, which allows community members to permanently decentralize their documents.

This ensures that everyone can access the content but still cannot change it. “This is especially useful for content such as white papers, research papers, DAO bylaws, community guidelines, or other information for the public,” according to the report.

📢 @ArweaveEco It’s on HackMD. 📢
This integration allows you to permanently decentralize documents, ensuring that content is accessible to everyone but still immutable.
So what is Arweave?
The Arweave network is similar to Bitcoin, but the data is permanent… pic.twitter.com/aHFHOquUNC
— HackMD 📄 (@hackmdio) May 2, 2024

Arweave integrates with HackMD

Arweave, a blockchain-based storage platform, is integrated into HackMD, enabling new features. Users can now publish their work to the blockchain. These innovations revolutionized the way users manage public documents. It challenges the problems that arise from traditional storage methods because data cannot be altered or deleted. It’s the ideal choice for storing content you want to keep intact.

Arweave uses blockchain technology to provide persistent storage solutions. “The Arweave network is similar to Bitcoin, but for data, it is a persistent, decentralized web inside a public ledger,” the team explains.

These consolidations have inspired a comeback in the AR ecosystem and have kept Arweave prices at consistently high highs.

Arweave’s return?
According to the chart, Arweave is hitting new highs and is even targeting a break above the $38 resistance, as shown below. Chart source: @tradingview As of now, the cryptocurrency is very close to breaking above $38 and is currently… pic.twitter.com/yua2d3wstA
— Voice of Cryptocurrency (@VoiceofCrypto2) May 3, 2024

Arweave price prediction

Arweave price is trading with a bullish bias, remaining well above the uptrend line. This support level has provided downward support since around mid-April. The surge caused the altcoin to shift its supply zone into a bullish breaker between $29,027 and $32,873.

If this order block holds as a support zone, Arweave price could push higher and potentially dent the $40.00rnge to test the next supply zone between $42,097 and $44,069.

However, to confirm the continuation of the uptrend, Arweave price must break and close above the midline (average threshold) of the supply zone at $43,150. A clear candle closing above this level on an 8-hour basis would confirm the continuation of the uptrend. This means Arweave price could recover to its high of $47.480, almost 40% above current levels.

Traders looking to take new positions on AR will have to wait until the Relative Strength Index (RSI) remains above its average level of 50. A decisive bounce above this level would be sufficient. So far, the two momentum indicators, RSI and Awesome Oscillator (AO), are above their respective average levels, showing that the market favors the upside.

arweave price

TradingView: AR/USDT 8-hour chart

On the other hand, Arweave price may fall once the profit book begins. An 8-hour close below $26.561 will invalidate the bullish argument.

In severe cases, the dump could extend to the point where Arweave price falls below the $22.616 support level.

Meanwhile, 5SCAPE, the world’s first AR/VR cryptocurrency, is soaring towards $6 million, and cryptocurrency analysts and YouTubers including Michael Wrubel are very bullish on it.

A promising alternative to Arweave

5SCAPE supports the 5th Scape ecosystem, an innovative AR and VR cryptocurrency that aims to transform entertainment and learning through ongoing ICOs.

The project has already raised more than $5.7 million of its $6.25 million goal.

5scape 5scape

The 5th Scape project features a comprehensive ecosystem that combines high-quality games and blockchain technology. The project offers a variety of realistic sports, fighting and racing games designed to immerse players in the world of virtual reality.

🎮 All VR and MMA fans are invited! Prepare to be amazed, as 5thScape is set to redefine virtual combat with “MMA Cage Conquest.” This game takes you into the heart-pounding world of MMA in VR. 🥊
🌟 Get ready for the release of “MMA Cage Conquest” in the meta… pic.twitter.com/MHbKgKHIxb
— 5th Scape (@5th_scape) May 3, 2024

5th Sscape plans to dominate the field with cutting-edge hardware such as its VR Ultra headset. It boasts top-notch visuals and motion tracking. The headset comes with a custom gaming chair that provides maximum comfort during long gaming sessions.

From immersive games and hardware to versatile token models, the 5th Scape team envisions a unique combination of VR and Web3. This ambitious vision appears to be a major factor in the significant demand for ICOs.

Here you go #5th scenery family! 🎮 Stopped by to share some amazing news. Our dedicated team is constantly increasing the thrill factor of our latest projects!
🚀 Stay tuned for the latest updates and improvements as we continue to redefine what is possible in gaming.… pic.twitter.com/qwrDZH5p4a
— 5th Scape (@5th_scape) April 30, 2024

What’s also interesting is that if you buy the tokens now at $0.00327 each, before they are listed on exchanges at $0.01 each, this means you will make a profit of 205%. If you’re interested, buy now before the price goes up 15%.

Visit 5SCAPE here to purchase.