HKVAC’s Digital Asset Index Excludes High Cryptocurrencies

• HKVAC’s latest launch of the cryptocurrency index has created controversy relating to the exclusion of some cryptocurrencies.
• The index excluded SOL, AVAX, UNI, and ETC whereas it included FTM and EOS.
• The company responded that the cryptocurrencies could be thought-about to be included by July 14.

The score company Hong Kong Digital Asset Consortium’s (HKVAC) latest launch of the digital asset index has been a topic of controversy for the reason that company excluded the main cryptocurrencies like SOL, AVAX, UNI, and ETC whereas it included FTM and EOS. Responding to the dissension, HKVAC assured that the company would rebalance the index by July 14, contemplating the inclusion of these cryptocurrencies.

A Chinese language crypto reporter Colin Wu, on his Twitter web page Wu Blockchain, shared a thread, shedding mild on KKVAc’s response to the continued arguments relating to its digital asset index.

Yesterday, the reporter took to Twitter to share the publication of the cryptocurrency index, marking the highest crypto belongings by market cap. The record 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 biggest cryptocurrencies by market cap, BTC and ETH.

In accordance with CoinMarketCap, the blockchain platform Solana’s SOL, at present buying and selling at $16.14, is ranked 10 by market cap. It holds a 24-hour buying and selling quantity of $293,742,225. Equally, AVAX, the native token of the good contract platform Avalanche is buying and selling at a worth of $12.96, with a 24-hour buying and selling quantity of $115,248,018 USD. The cryptocurrency has been ranked 18 contemplating its market cap.

UNI, one other cryptocurrency excluded by HKVAC, is the native token of the decentralized change (DEX) Uniswap. The token’s worth at present stands at $5.13, with a 24-hour buying and selling quantity of $51,747,220 and a market cap rating of 26, as per CoinMarketCap.  Ethereum Traditional’s ETC, buying and selling at $18.34, has additionally been excluded by HKVAC although it’s ranked 29 by market cap, as per the info launched by CoinMarketCap.

Whereas HKVAC excluded these main tokens, it included the cryptocurrencies like FTM and EOS, which comparatively have a decrease market cap. The blockchain platform Fantom’s FTM, at present priced at $0.3031, is ranked 46 by market cap as per CoinMarketCap. Equally, EOSIO’s EOS is at present priced at $0.7100, with a market cap rating of fifty.