Forbes' Investigation Reveals Ripple (XRP), Cardano (ADA), Fantom (FTM) as 'Zombie Tokens'
Forbes' Investigation: Zombie Tokens
In a recent Forbes exposé, cryptocurrencies like Ripple, Cardano, and Fantom have been highlighted as 'zombie tokens.' These command multi-billion dollar valuations despite minimal practical utility.
The Speculative Bubble
These blockchains trade heavily on speculation rather than functional demand, mirroring traits of a speculative bubble rather than technology-driven markets.
- Ripple fails to meet banking transfer goals.
- Cardano projects lag real-world applications.
- Fantom rides the speculation wave with minimal throughput.
“It’s like early-stage...how to adequately deploy it. There’s no way to return the treasury to the investors,” Matt Hougan, CIO of Bitwise Asset Management, said.
This scenario prompts investors and users to tread cautiously, as the longevity and success of these platforms rely heavily on market sentiment rather than fundamental value.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.