The newest launch of the digital asset index by ranking company Hong Kong Digital Asset Consortium (HKVAC) has caused controversy because the organization removed the major cryptocurrencies including SOL, AVAX, UNI, and ETC while included FTM and EOS. In response to the disagreement, HKVAC provided a guarantee that the business would rebalance the index by July 14 and take these cryptocurrencies into account.
A post shared by Chinese-language cryptocurrency writer Colin Wu on his Twitter profile Wu Blockchain revealed light on KKVAc’s response to the ongoing debates around its digital asset index.
Yesterday, the reporter announced on Twitter that the cryptocurrency index had been published, making it the most valuable cryptocurrency asset by market size. The listing launched by the company included the highest 30 cryptocurrencies together with WBTC, BTCB, stETH, BCH, LTC, BNB, MATIC, ADA, ATOM, FIL, NEAR, ALGO, ICP, XRP, DOGE, DOT, WTRX, SHIB, TRX, LINK, LEO, XMR, XLM, OKB, LDO, HBAR, VET, QNT, FTM, EOS, along with the most important cryptocurrencies by market cap, BTC and ETH.
According to CoinMarketCap, the blockchain platform Solana’s SOL is ranked 10 by market cap at the time of writing, buying, and selling at $16.14. It has a $293,742,225 24-hour purchasing and selling capacity. The native token of the good contract platform Avalanche, AVAX, is also buying and selling at a value of $12.96, with a $115,248,018 USD 24-hour buying and selling volume. In light of its market cap, the cryptocurrency has been rated at position 18.
The native coin of the decentralized exchange (DEX) Uniswap is UNI, one other cryptocurrency that HKVAC has specifically prohibited. According to CoinMarketCap, the coin is currently worth $5.13, with a $51,747,220 24-hour trading volume and a market cap ranking of 26. HKVAC has also excluded Ethereum Basic’s ETC, which is now trading at $18.34 and is ranked 29 in terms of market cap, according to data released by CoinMarketCap.
While HKVAC did not include these major coins, it did include lesser-known cryptocurrencies like FTM and EOS that have a lower market cap. According to CoinMarketCap, the blockchain platform Fantom’s FTM is currently valued at $0.3031, and it is ranked 46th by market cap. EOSIO’s EOS is now valued at $0.7100 and has a market cap score of 50.
