Forbes lists 20 "zombie tokens" with a market value of more than $1 billion, including XRP, ETC, EOS, etc.

PANews reported on April 28 that Forbes published an article listing 20 "zombie tokens" with a market value of more than $1 billion, including: XRP, ADA, BCH, LTC, ICP, ETC, XLM, STX, KAS, THETA, FTM, XMR, AR, ALGO, FLOW, EGLD, BSV, MINA, XTZ, EOS. Forbes defines "zombie tokens" as assets that have little use other than speculative cryptocurrency trading. For example, according to Messari data, XRP's market value is $36 billion, and last year XRP's network transaction fees were only $583,000, which means that XRP's price-to-sales (P/E) ratio is 61,689. In contrast, Nvidia has a market value of more than $2 trillion, annual revenue of $61 billion, and a P/E ratio of only 37 times. In addition, Ethereum Classic (ETC) has a market value of $4.6 billion, but the fees generated in 2023 are less than $41,000. Taking ADA as an example, Forbes believes that the popularity of the token is proportional to the popularity of its founder, Charles Hoskinson, but this is based on a lie. Hoskinson claimed that he dropped out of the mathematics doctoral program at the University of Colorado Boulder, but the school said that Hoskinson was only an undergraduate dropout. For many years, Hoskinson has been hinting that Cardano will work for the Defense Advanced Research Projects Agency, a famous research department of the Department of Defense, but there has been no clear news.