Forbes published an article listing the top 20 “zombie tokens” with a market value of over $1 billion

According to BlockBeats, on April 27, Forbes published an article listing the top 20 "zombie tokens" in the crypto space 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, while Ripple's XRP only cost $583,000 to process transactions on its network throughout last year. According to Wall Street, this 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. Another example is Ethereum Classic (ETC), which has a market cap of $4.6 billion but generates less than $41,000 in fees in 2023. Other examples include ADA, where 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 to have dropped out of the mathematics doctoral program at the University of Colorado Boulder, but the school said Hoskinson was only an undergraduate dropout. For years, Hoskinson has hinted that Cardano is going to work for the Defense Advanced Research Projects Agency, the famous research department of the Department of Defense, but there has been no clear news. However, he himself owns an 11,000-acre farm in Wyoming and recently opened an anti-aging and regenerative medicine center in the town of Gillette.