Acala Token (ACA), a cryptocurrency operating on the Polkadot network, has been facing an unstable market, underscored by a substantial hack which shocked investors. The hack led to a massive issue of 1.3 billion tokens, causing ACA's stablecoin to devalue by 99%. Despite acquiring a new executive director for ACA, recovery from the exploit has raised further apprehensions. Expected future token unlocks may signify relief, however,
Binance's decision to delist ACA compounds the strain. Furthermore, ordinary
ACA insurance plans also predict an increase in rates by 2025, possibly impacting holistic investor consensus. On the brighter side, with a step-by-step guide available on how to buy ACA in India, accessibility issues are potentially mitigated. As of now, a diverse range of price predictions emerge, with some forecasting a value of $4. Nonetheless, the question, 'Is Acala Token a Good Investment?' remains open, given the recent turmoil. Notably, ACA is part of the top 4 DOT Altcoins, indicating potential for resilience and growth. Climbing up from these challenges,
Acala Network continues to offer a cross-chain stablecoin platform in the
DeFi domain, necessitating the need to use Acala DeFi Protocol in Polkadot wisely.
ACA Coin News Analytics from Tue, 29 Dec 2009 08:00:00 GMT to Mon, 13 Jan 2025 14:13:09 GMT -
Rating -2
- Innovation 3
- Information 6
- Rumor -3
