- HKVAC’s latest launch of the Cryptocurrency Index has created controversy concerning the exclusion of sure cryptocurrencies.
- The index excluded SOL, AVAX, UNI and ETC whereas it included FTM and EOS.
- The company responded that cryptocurrencies can be thought-about included by July 14.
The latest launch of the Digital Belongings Index by the Hong Kong Digital Asset Consortium (HKVAC) score company has been the topic of controversy because the company has excluded main cryptocurrencies akin to SOL, AVAX, UNI and ETC whereas it included FTM and EOS. Responding to the dissent, HKVAC assured that the company would rebalance the index by July 14, given the inclusion of those cryptocurrencies.
Chinese language crypto journalist Colin Wu, on his Wu Blockchain Twitter web page, shared a thread, highlighting KKVAc’s response to ongoing arguments concerning its digital asset index.
Yesterday, the reporter took to Twitter to share the cryptocurrency index launch, tagging the highest crypto property by market capitalization. The checklist 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 capitalization, BTC and ETH.
In accordance with CoinMarketCap, blockchain platform Solana’s SOL, which is presently buying and selling at $16.14, is ranked 10 by market capitalization. It holds a 24-hour buying and selling quantity of $293,742,225. Equally, AVAX, the native token of the Avalanche good contracts platform is buying and selling at a value of $12.96, with a 24-hour buying and selling quantity of $115,248,018 USD. The cryptocurrency was ranked 18 primarily based on its market capitalization.
UNI, one other cryptocurrency excluded by HKVAC, is the native token of the decentralized trade (DEX) Uniswap. The token’s value presently stands at $5.13, with a 24-hour buying and selling quantity of $51,747,220 and a market cap rating of 26, based on CoinMarketCap. The Ethereum Traditional ETC, which trades at $18.34, was additionally dominated out by HKVAC regardless of being ranked 29 by market capitalization, based on information printed by CoinMarketCap.
Whereas HKVAC excluded these main tokens, it included cryptocurrencies akin to FTM and EOS, which have a comparatively decrease market capitalization. Fantom’s FTM blockchain platform, presently priced at $0.3031, is ranked 46 by market capitalization based on CoinMarketCap. Equally, EOSIO’s EOS is presently priced at $0.7100, with a market cap rating of fifty.
