The crypto market trades in the green, with many tokens like XRP and ADA gaining.
While Forbes previously dubbed these tokens Zombies, the recent surge sparks criticism.
While XRP targets new all-time highs, ADA trades at a level last seen in 2022.
The cryptocurrency market is seeing a bullish resurgence, with its total market capitalization climbing to $3.53 trillion. Bitcoin is edging closer to the significant $100K milestone, while major altcoins are also rallying. Notably, “Zombie tokens“—a term introduced by Forbes—are making unexpected gains, igniting debates about their value and utility.
What Are Zombie Tokens? Forbes Identifies Crypto’s Walking Dead
In April 2024, Forbes released a report identifying 20 cryptocurrencies as Zombie tokens, describing them as projects with minimal utility and user activity. These included well-known assets like Ripple (XRP), Cardano (ADA), Monero (XLM), Litecoin (LTC), Bitcoin Cash (BCH), and Ethereum Classic (ETC). Forbes compared these projects to the undead—technically operational but lacking vitality.
Ripple Labs, the creator of XRP, was labeled a leading player in this category. Despite XRP recording …
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