Forbes’ “Zombie Tokens” Make an Unexpected Comeback
The news page Wu Blockchain, managed by Colin Wu, notes on X that most “Zombie Tokens” from Forbes’ March 2024 list have seen significant upward movement.
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The news page Wu Blockchain, managed by Colin Wu, notes on X that most “Zombie Tokens” from Forbes’ March 2024 list have seen significant upward movement.
Forbes’ list was created to highlight tokens described as speculative and of questionable utility. These tokens fall into two main categories: spin-offs from established blockchains like Bitcoin and Ethereum, and those positioned as direct rivals.
The list features cryptocurrencies like XRP, LTC, XLM, EOS, ADA, ALGO, BCH, BSV, ETC, XMR, THETA, XTZ, EGLD, FLOW, FTM, AR, ICP, MINA, STX, and KAS. Many have experienced substantial price increases, with some multiplying in value over the past year or month.
XRP’s price surge has caught many off guard, especially since it still hasn’t crossed its January 2018 peak of over $3. Currently trading at more than $2.50, the token has skyrocketed from just above $0.50 in the past month.
The rally follows reports that some investment firms are gearing up to file for XRP ETFs in the U.S. In October 2024, Ripple’s CEO Brad Garlinghouse confidently stated that an XRP ETF launch is only a matter of time.
Read on: XRP ETF Rebranded by Bitwise
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