I’ve always believed $ACA has the potential to hit a new ATH, and the signs are becoming clearer. Just a few days ago, $ACA surged by 100%, and while a retracement followed which is normal in the crypto space. It showed strong performance with 28% increase few hours ago.

Exciting developments are happening within the Acala ecosystem. A #meme_coin might soon make its debut on the Acala Network, marking a significant milestone as the first memecoin on the network. This could spark a 'meme season' in the ecosystem, possibly driving a meme supercycle.

The proposal for this is currently under community voting, and the sentiment so far leans toward approval. If passed, it will enhance liquidity more and bring new utility to the Acala ecosystem. Keep an eye on this, it’s an exciting time for Acala!