Hong Kong Virtual Asset Consortium removes XRP from global index
Solana took over XRP's position in HKVAC's top 5 cryptocurrency global index, and AVAX replaced Tron, amid market fluctuations in the past 30 days.
The Hong Kong Virtual Asset Consortium (HKVAC) has announced revisions to its top 5 crypto index, top 10 crypto index, and overall crypto index, leading to the exclusion of several well-known cryptos from the indices.
In a recent statement, the HKVAC outlined that Ripple's native token XRP (XRP) had been removed from its top 5 global crypto index, being substituted with Solana (SOL). Last month, Cointelegraph reported that Solana had overtaken XRP in market capitalization for the first time, making it the fourth-largest crypto.
Meanwhile, Avalanche (AVAX) took a spot in the top 10 index, replacing TRON (TRX). This comes after AVAX saw a surge while other cryptos plunged in December 2023.
...