As reported by U.Today, Forbes has labeled several top cryptocurrencies, including XRP and ADA, as ‘crypto zombies’ in a recent research article. The term refers to first-layer blockchains that have huge market capitalizations but little utility other than speculative trading. Forbes cited Ripple Labs, the company behind XRP, as a prime example of a ‘crypto zombie’. Despite XRP’s active daily trading volume, Forbes believes that its use does not go beyond market speculation. Ethereum Classic (ETC) also made the list due to the relatively low fees it generates on the network. Forbes also expressed skepticism about Algorand, which, despite being hailed as the ‘Ethereum killer’ for its high transaction capacity, has low revenue from blockchain transaction fees due to its lack of utility. However, the mention of Cardano was the biggest surprise. The Forbes article cast the project as relying on the popularity of its founder, Charles Hoskinson, to trade. Although questions about Hoskinson’s educational background have raised concerns, Cardano supporters believe that its ecosystem is active and thriving, providing value and utility beyond pure speculation. They see the network’s influx and ongoing development activity as evidence of its vitality and relevance.