DailyNews
vip

Forbes analysts have labeled ADA, XRP, and ETC as "zombie" tokens, which means that these blockchain projects lack vitality in terms of utility or user base. These tokens, including Cardano (ADA), Ripple (XRP), and Ethereum Classic (ETC), are mainly sustained through speculative trading and initial funding rather than achieving technological or practical goals. Forbes points out that these projects may be traded based on the reputation of their creators, with Cardano's speculative interest primarily driven by the prominence of its founder. Cardano's network metrics show a decrease in daily active addresses and trading volume, as well as a decline in the total value locked in the DeFi sector, which could impact future revenue. ADA's price has also dropped by 3.08% in the past 24 hours. Ripple Labs' XRP and ETC are also criticized for their lack of practical use cases, with XRP's transactions serving no purpose other than speculation, while ETC is only used by purists and has seen a 17% price decrease in the past month.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)