Shiba Inu (SHIB) and XRP Included in Hong Kong’s Virtual Asset Index

Hong Kong Virtual Asset Index Includes SHIB, XRP, DOGE, and ADA

XRP, SHIB, DOGE, and ADA, along with 26 other popular cryptocurrencies, are featured in the HKVAC index.

The Hong Kong Virtual Assets Consortium (HKVAC), a prominent rating agency for virtual assets in Hong Kong, has launched a new index that evaluates 30 well-known cryptocurrencies. The index focuses on market capitalization as the primary factor for evaluation.

The HKVAC is well-known for its thorough evaluation of crypto assets and exchanges, aiming to ensure trustworthiness and clarity in the virtual asset industry. As cryptocurrencies gain more popularity globally, the demand for reliable assessment and oversight becomes even more important.

Shiba Inu and Dogecoin started as joke meme coins but have now become popular in the market, attracting a significant number of crypto investors. Additionally, the SHIB community is eagerly anticipating the launch of “Shibarium,” a layer 2 blockchain, which is scheduled to happen in the near future.

Recently, XRP and Cardano have experienced increased popularity and growth. Moreover, Ripple’s legal battle with the SEC has had a significant impact on the price of XRP. Additionally, Ripple appears to have a favorable position in the SEC vs Ripple case.

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By introducing this new index, the HKVAC intends to offer a trustworthy reference point for investors and crypto enthusiasts. It aims to help them evaluate the market performance and compare the positions of different cryptocurrencies.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

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