XRP, ADA, BCH, LTC, STX Declared Zombie Among 20 Crypto By Forbes

Highlights
- Forbes identifies 20 "zombie blockchains" among major cryptocurrencies, including Ripple's XRP and Ethereum Classic.
- Despite high market valuations, these cryptocurrencies exhibit minimal real-world utility and user adoption.
- Lack of governance and speculative trading contribute to sustaining these "zombie blockchains" in the volatile cryptocurrency landscape.
Forbes, a reputable business publication known for its insightful analysis of financial markets, has recently unveiled a comprehensive report shedding light on the enigmatic world of cryptocurrencies. In this groundbreaking study, Forbes has identified a select group of cryptocurrencies that it terms as “zombie blockchains.”
Despite the exponential growth of the cryptocurrency market, boasting over 14,000 tokens and a staggering total market capitalization of $2.4 trillion, these chosen cryptocurrencies appear to defy conventional success metrics by exhibiting minimal real-world utility or user adoption. Among the distinguished names featured in this list are Ripple (XRP), Cardano (ADA), Litecoin (LTC), Bitcoin Cash (BCH), and Ethereum Classic (ETC).
What sets these cryptocurrencies apart is their continued operation and trading activities without tangible evidence of fulfilling practical purposes. The term “zombie blockchains” aptly describes these projects, reminiscent of the undead, existing without displaying the vital signs of life in terms of utility or significant user bases.
Ripple’s XRP and Other Major Cryptos Critically Evaluated
Among the myriad of cryptocurrencies subjected to Forbes’ critical scrutiny, Ripple’s XRP emerges as a focal poizombient of examination. Initially conceived as a formidable contender to the SWIFT banking network, promising rapid and cost-effective international bank transfers, XRP has since struggled to fulfill its lofty aspirations. Despite its failure to disrupt SWIFT, XRP persists as one of the most valuable cryptocurrencies in the market, boasting a staggering market value of $36 billion. However, analysts at Forbes assert speculative trading rather than genuine utility largely sustained that XRP’s market dominance.
This observation raises pertinent questions about the fundamental viability and purpose of XRP, highlighting the growing chasm between market valuation and practical application within the cryptocurrency ecosystem. Similarly, other major cryptocurrencies such as Litecoin, Bitcoin Cash, Bitcoin SV, and Ethereum Classic find themselves under the scrutiny of Forbes’ discerning analysis.
Also Read: Former Federal Reserve Adviser Calls Out Trump Allies’ Fed Remodeling Plans
Challenges Faced by “Ethereum Killers” and Lack of Governance
In addition to evaluating established cryptocurrencies, Forbes’ report casts a critical eye on emerging contenders often dubbed as “Ethereum killers,” including Tezos (XTZ), Algorand (ALGO), and Cardano (ADA). Despite their formidable technological prowess and substantial market valuations, these cryptocurrencies have yet to witness widespread adoption or significant user activity. Speculative interest in Cardano, for instance, appears to be fueled primarily by the prominence of its founder, Charles Hoskinson, rather than tangible evidence of real-world utility.
Operating without regulatory oversight or obligations to shareholders, these entities often find themselves navigating murky waters where assessing their long-term viability becomes increasingly challenging. Ethereum Classic’s continued trading activity despite suffering major security breaches serves as a stark reminder of the risks associated with investing in cryptocurrencies devoid of robust governance structures.
Also Read: DTCC Says ETFs With Bitcoin Exposure Will Have Zero Collateral Value for Loans
- 99.3% of Bitcoin Supply in Profit, Analyst Warns of Short-Term Correction
- Pro-Crypto Mike Selig Emerges As CFTC Chair Frontrunner, Gains Ripple CLO’s Endorsement
- ‘Every Crypto ETF You Can Imagine’: Expert Predicts Flurry of Filings After REX-Osprey’s 21 Applications
- Robinhood Lists Strategy’s Bitcoin-Backed Stocks, Boosting Saylor’s BTC Credit Model
- Bitcoin ETFs See 2025 Record Weekly Inflows of $3.2B as BTC Eyes New ATH
- FLOKI Price Prediction as ETP Listing Drives Adoption—Is a 160% Rally Ahead?
- BNB Coin Price Hits ATH as Derivatives Activity Soars—Is $1,520 the Next Stop?
- Aster Price Eyes $3 After Channel Breakout as Open Interest Surges to $1.37B
- Will XRP Price Hit $5 if the SEC Approves ETFs This Month?
- Bitcoin Price Hits $120K Ahead of Q4 — Can Citigroup’s Forecast Hold Up?
- Pi Network Price at Risk of Another Crash as Mysterious Whale Stops Buying