Forbes recently identified Ripple (CRYPTO:XRP), Cardano (CRYPTO:ADA), and Fantom (CRYPTO:FTM) as "zombie tokens," highlighting their significant market valuations despite limited practical utility.
These cryptocurrencies are described as trading heavily on speculation rather than genuine demand, echoing characteristics of a speculative bubble rather than technology-driven markets.
Despite Ripple's aim to revolutionise banking transfers, it has struggled to meet its objectives, processing minimal transaction fees compared to its market value.
Similarly, Cardano and Fantom, despite their high market valuations and locked treasuries, lack substantial real-world applications.
Forbes' categorisation of these tokens raises broader concerns about the cryptocurrency market's reliance on speculation rather than fundamental value, prompting caution among investors and users.