A recent Forbes list has criticized Cardano (ADA), Ripple (XRP), and Ethereum Classic (ETC) as “zombie” tokens, suggesting that these blockchain projects lack vitality and utility. These tokens are said to rely heavily on speculative trading and initial funding rather than achieving their intended technological goals. Forbes pointed out that projects like Cardano may trade based on the reputation of their creators, with Cardano’s network metrics showing a decline in daily activity and transactions, as well as a decrease in Total Value Locked (TVL) in the DeFi sector. ADA’s price also fell by 3.08% in the last 24 hours, trading at $0.456, although its trading velocity increased. Similarly, XRP and ETC were also criticized by Forbes analysts, with XRP’s price falling by 1.24% and ETC being regarded as an Ethereum alternative used mainly by purists. The article ends by mentioning the rise in BNB Chain TVL with a new addition.
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