{"id":314349,"date":"2021-12-17T04:22:51","date_gmt":"2021-12-17T09:22:51","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=314349"},"modified":"2021-12-17T04:22:51","modified_gmt":"2021-12-17T09:22:51","slug":"these-5-cryptocurrency-could-see-price-boom-this-weekend-where-to-buy-6","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/these-5-cryptocurrency-could-see-price-boom-this-weekend-where-to-buy-6","title":{"rendered":"These 5 Cryptocurrency Could See Price Boom This Weekend – Where to Buy"},"content":{"rendered":"

The cryptocurrency market continues to seesaw between recovery and renewed declines. Its total cap is down by 3% in the past 24 hours according to CoinGecko, dropping to $2.3 trillion. Most major coins have fallen along with it, including bitcoin (BTC), ethereum (ETH) and solana (SOL). However, the weekend brings the possibility of another rebound, a pattern the market has witnessed repeatedly in recent weeks. The following 5 cryptocurrency could see a price boom this weekend, with many also exhibiting good long-term potential.<\/p>\n

These 5 Cryptocurrency Could See Price Boom This Weekend<\/h2>\n

1. Arweave (AR)<\/h3>\n

AR has had a very good 24 hours, rising by 13%, to $49.26. It’s also up by 17% in the past week, but down by 19% in the last month.<\/p>\n

\"Arweave<\/a><\/p>\n

AR’s indicators suggest a big breakout has just happened. Its relative strength index (in purple above) is nearing 70, suggesting some very strong momentum. Similarly, its 30-day moving average (in red) is rising convincingly above its 200-day average (in blue). Its momentum therefore suggests that it still has some way left to rise.<\/p>\n

As a decentralised information storage network, Arweave lets users store documents and applications in perpetuity. This might make it sound a lot like Filecoin. However, Arweave distinguishes itself via its novel architecture, using a “blockweave” instead of a blockchain. Basically, the blockweaves enables nodes to act as validators without having to possessing the network’s complete history. In theory, this enables it to be more scalable than other platforms, something also helped by the use of a proof-of-access consensus mechanism and also the use of “blockshadowing” (i.e. not sending the full block to nodes).<\/p>\n

Arweave began rising earlier this year thanks to its integration with Solana in late August. Its network now underpins many of the NFTs and NFT platforms also operating on Solana. And because of this, Solana’s growth this year has also fuelled Arweave’s.<\/p>\n

More recently, the platform has celebrated increasing its usage by over 50 times in just under a year. Its daily transactions are now up to nearly 2.2 million, up from 111,764 just before September.<\/p>\n

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Another all time high. Over 50x more usage in less than a year 🙂.<\/p>\n

Max daily TXs last year: 41,754.<\/p>\n

Pre-September: 111,764.<\/p>\n

Today: 2,191,612. https:\/\/t.co\/bj26glw1Eo<\/a><\/p>\n

— 🐘🔗 sam.arweave.dev (@samecwilliams) December 17, 2021<\/a><\/p><\/blockquote>\n