🎉 #Gate xStocks Trading Share# Posting Event Is Ongoing!
📝 Share your trading experience on Gate Square to unlock $1,000 rewards!
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🎉 Share your post on X – Top 10 posts by views * extra $50
How to Participate:
1️⃣ Follow Gate_Square
2️⃣ Make an original post (at least 20 words) with #Gate xStocks Trading Share#
3️⃣ If you share on Twitter, submit post link here: https://www.gate.com/questionnaire/6854
Note: You may submit the form multiple times. More posts, higher chances to win!
📅 End at: July 9, 16:00 UTC
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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.