Forbes, a well-known American magazine with a history of more than 100 years, recently published a striking report.
Although Bitcoin (BTC) and altcoins are becoming more used and adopted day by day, Forbes described some blockchains and altcoins as “zombies”.
Mentioning 20 altcoins, Forbes also included popular altcoins such as XRP, Cardano (ADA), Litecoin (LTC) and Ethereum Classis (ETC).
According to Forbes, these altcoins do not meet traditional measures of success, exhibiting minimal utility and user adoption.
It was stated that the common feature of these altcoins is that they do not have any practical denominator and a significant user base. Forbes argues that all of these altcoins have a speculative structure.
These altcoins were listed as follows: XRP, ADA, LTC, Bitcoin Cash (BCH), Internet Computer (ICP), ETC, Stellar (XLM), Stacks (STX), Kaspa (KAS), Theta (THETA), Phantom (FTM) , Monero (XMR), Arweave (AR), Algorand (ALGO), Flow (FLOW), MultiversX (EGLD), Bitcoin SV (BSV), Mina (MINA), Tezos (XTZ) and Eos (EOS).
*This is not investment advice.