Forbes recently released a list of 20 cryptocurrencies dubbed "cryptozombies."
In their research article, Forbes categorizes these cryptocurrencies, including #XRP, #ADA, BCH, #LTC, XRM, and ALGO, based on their evaluation criteria, with valuations in the billions of dollars.
They define "cryptozombies" and exemplify with XRP, stating that Ripple Labs falls into this category. Despite daily trading volumes exceeding $2 billion, the tokens serve no purpose beyond speculation.
The report delves into the utility and valuation of each cryptocurrency, concluding that liquidity sustains these "zombies."
Do you agree with the classification? Keen on exploring more about the crypto realm? Share and follow for further insights.
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