Acala (ACA)
1. Fundamental Analysis
1.1 Introduce
Acala is the decentralized finance network and liquidity hub of Polkadot. It’s a layer-1 smart contract platform that’s scalable, Ethereum-compatible, and optimized for DeFi with built-in liquidity and ready-made financial applications. With its trustless exchange, decentralized stablecoin (aUSD), DOT Liquid Staking (LDOT), and EVM+, Acala lets developers access the best of Ethereum and the full power of Substrate.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | ACA | Market Cap | 121288262.5 |
| Name | Acala | White Paper | -- |
| Web Site | https://acala.network | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://acala.subscan.io/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 1600000000 | |
| Supply | 1600000000 | Release Date | 2022-01-21 |
| Available Supply | 1138750000 |
2. Technical Analysis
2.1 Kline Chart
2.2 Analysis
The analysis of the K-line daily chart suggests a potential bearish trend with signs of consolidation. The closing prices have been decreasing over the past few days, indicating a loss of upward momentum. The high and low range has been narrowing, suggesting a period of consolidation. The volume has been fluctuating but shows a downward trend, which may indicate a lack of interest in buying. Future trends may show further downward movement, but with a possibility of temporary upward corrections.
