Acala Token (ACA) is predicted to skyrocket to $4 in the coming years and while it is undeniably one of the most popular altcoins today, risks on token unlocks and a recent exploit have affected the token’s performance.
Defi Acala’s stablecoin fell by 99% after hackers issued 1.3 billion tokens leading to a network and token freeze, raising questions about its management. This hack came after ACA's stunning win over LAMP. Following the hack, ACA and Venture Capitalist committed $250 million to DeFi investments on
Polkadot, seemingly as a measure to bolster their standing and regain investor trust. An extensive guide to Acala and its sister-chain
Karura is also available to give a boost to the coin's innovation score. Acala's adoption strategies like new $250 million fund is expected to increase the use of ACA's stablecoin aUSD on the
Polkadot network. On the downside, the coin was associated with a controversy when a store refused 'admittance to any Chinese Communist MoFo'. As a part of the
NEOGEO's classic library, ACA was also added to many games heightening its media presence. The Acala network is a cross-chain stablecoin platform that is also connected to the NEOGEO library for its use in mobile gaming.
ACA Coin News Analytics from Wed, 06 Aug 2008 07:00:00 GMT to Sat, 20 Jul 2024 07:00:00 GMT -
Rating -3
- Innovation 5
- Information 7
- Rumor -2
