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Gamza Khanzadaev
Hong Kong’s primary crypto index HKVAC incorporates XRP following Ripple’s success
Hong Kong Digital Asset Consortium (HKVAC) has thrust XRP into the highlight by welcoming it into the unique fold of its digital asset index. The announcement got here as a watershed second for the cryptocurrency, because it secured a 6.94% share within the HKVAC Cryptocurrency International Giant Top5 Index and Equal Weight Index.
This inclusion propels XRP into the league of esteemed digital currencies, with solely Bitcoin (BTC), Ethereum (ETH) and Tether (USDT) boasting bigger shares, every standing at 15%.
The transfer by HKVAC just isn’t arbitrary; stringent standards govern the choice course of. Digital belongings should preserve a median market capitalization of no less than $10 million over the previous three months and maintain a median every day traded worth of a minimum of $100,000 throughout the identical interval.
Why now?
XRP’s meteoric rise within the HKVAC index could discover its roots within the current authorized victory towards the SEC. In a landmark resolution, the SEC’s case towards Ripple concluded, affirming XRP’s non-security standing. This clarification proved pivotal, establishing XRP as a dependable funding alternative and profitable the boldness of the worldwide crypto group.
The preliminary verdict was rendered in July, and with the SEC’s subsequent attraction dismissed, XRP’s triumph turned unconditional, additional cementing its place within the cryptocurrency market.
As XRP stakes its declare within the Hong Kong index, the digital forex’s future seems brighter than ever, marking a big milestone in its journey towards broader acceptance and adoption on the worldwide stage.
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