The Arweave token gained 52% in value, 04.11.2022, the current mark is about $15.1. At its peak, the price of altcoin exceeded $17.4, having updated the maximum from mid-May. The market capitalization of the cryptocurrency is $768.9 billion with a daily trading volume of $507.6 billion, according to CoinGecko.
Altcoin began to appreciate after Meta (Meta Platforms, the company that owns Facebook and Instagram, was recognized as an extremist organization in Russia and banned, as were social networks) integrated the Arweave protocol to add NFT to Instagram.
Zuckerberg has decided to integrate Arweave into its services. With their help, it will store and archive non-replaceable tokens.
«Instagram users can now post their NFT stored in Arweave, as posts in the social network», wrote the founder of Arveawe Sam Williams. The information was confirmed by the head of Meta Commerce, Fintech and web3 Stefan Casriel.