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Why Forbes Labeled Ripple, Cardano and Fantom as Zombie Tokens
In a recent Forbes article, cryptocurrencies such as Ripple (XRP), Cardano (ADA) and Ghost (FTM) have been highlighted as “zombie tokens”. These have multi-billion dollar valuations despite minimal practical utility.
These “good-for-nothing” blockchains rely heavily on speculation rather than functional demand, reflecting traits of a speculative bubble rather than technology-driven markets.
Ripple (XRP), Cardano (ADA), Fantom (FTM) are useless: Forbes
Despite RippleAmbitions to revolutionize bank transfers by competing directly with SWIFT have largely failed to achieve its goals. The network continues to operate, processing $583,000 in transaction fees last year, a tiny figure compared to its $36 billion market value.
In a new one relationshipForbes explains that this discrepancy indicates its speculative nature rather than actual financial utility.
Cardan AND Ghost tell a similar story. With lofty market valuations of $23 billion and significant sums tied up in the treasury, their real-world applications are lagging.
Despite its global development plans and the founder’s public commitments Charles Hoskinson, Cardano has yet to move beyond the pilot phases in many aspects. Meanwhile, Fantom, while less publicized, rides the same wave of high speculation with minimal transaction volume.
“It’s as if early-stage venture capital funds or companies raise too much money and don’t know how to deploy it properly. There is no way to return the treasure to investors,” said Matt Hougan, CIO of Bitwise Asset Management.
Forbes classifies over 20 cryptocurrencies as zombies due to their lack of substantial user bases or functional applications outside of trading platforms. This situation highlights a larger problem within the cryptocurrency market. Considerable capital is tied up in questionable projects futures and usefulness.
To know more: 11 Cryptocurrencies to Add to Your Portfolio Before Altcoin Season
This scenario pushes investors and users to proceed with caution, as the longevity and success of these platforms depends largely on market sentiment rather than fundamental value.
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