Solana replaces XRP in Hong Kong's prime 5 crypto index

HONG KONG – In a big reshuffle of its cryptocurrency index, the Hong Kong Digital Asset Consortium (HKVAC) has introduced the removing of as a consequence of market underperformance. The consortium has launched into the highest 5 world cryptocurrency index, marking a shift within the digital asset panorama.

The HKVAC’s revision of its index additionally contains the addition of a number of new property. NEAR Protocol, Web Pc, Immutable X, Optimism, and Injective at the moment are a part of the index, reflecting the evolving preferences and efficiency metrics within the crypto market. Moreover, in one other notable change throughout the prime ten rankings, Tron has taken the place of (AVAX).

Cryptocurrency indices just like the one managed by HKVAC are essential for traders as they supply a benchmark for the efficiency of digital property. These indices are sometimes used to trace the well being of the cryptocurrency market and may affect funding choices. The inclusion and exclusion of property from such indices can influence the visibility and perceived market power of the cryptocurrencies concerned.

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