Solana took over XRP’s position in HKVAC’s top five cryptocurrencies global index, with AVAX replacing Tron amid market fluctuations in the past 30 days.
The Hong Kong Virtual Asset Consortium (HKVAC) has announced revisions to its top five, top 10 and overall crypto indexes, excluding several well-known cryptocurrencies.
In a recent statement, the HKVAC — which provides ratings of digital asset trading platforms and crypto market indexes — outlined that Ripple’s XRP (XRP) had been removed from its top five global crypto index and replaced by Solana (SOL).
In December 2023, Cointelegraph reported that Solana had overtaken XRP in market capitalization for the first time, making it the fourth-largest crypto.
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Source: https://cointelegraph.com/news/hong-kong-virtual-asset-consortium-xrp-solana