Arweave Price Prediction: Potentials for a Deeper Correction Before New Highs Emerge

The Arweave token price hit new highs this Friday as it continues to see investor demand. This follows the nearly 50% rise in prices earlier in the week. The huge jump in the Arweave share price was preceded by a 1200% increase in the protocol’s revenue from the first week of September. This sharp revenue spike came from higher demand on NFT minting on the Solana blockchain. The Solana blockchain uses the Arweave platform for storing its data via the…

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