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<ul><li>Billion-dollar zombie cryptos face skepticism due to high valuation and low utility, as highlighted by Forbes.</li><li>Cryptos like STX and ICP need help with speculative trading despite significant trading volumes.</li><li>EOS&#39; substantial decline underscores concerns about its sustainability beyond speculation.</li></ul>Forbes research<a href="https://x.com/DefiIgnas/status/1783639158365557084" rel="noopener noreferrer nofollow"> recently </a>unveiled a list of 20 entities, termed &#34;zombies&#34; for their valuations coupled with a lack of proven utility beyond speculative trading as highlighted by DefiIgnas, Co-founder of PinkBrains_io. These entities, predominantly L1s or Layer 1 blockchains, have captured the attention of investors and enthusiasts alike, yet their true potential remains shrouded in uncertainty.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/fef2ca41fd194e97841543ea3cae830d.png" />Among the notable mentions in this lineup are $STX, $ICP, $FTM, $ADA, and $EOS, each embodying the dual nature of immense valuation and questionable utility. Take, for instance, <a href="https://cryptotale.org/stacks-stx-and-alex-lab-alex-tokens-surge-on-growing-investor-confidence/" rel="noopener noreferrer nofollow">Stacks</a> ($STX), trading at<a href="https://coinmarketcap.com/currencies/stacks/" rel="noopener noreferrer nofollow"> $2.65</a> with a 24-hour volume of $115,854,704. Despite its significant trading volume, Stacks has remained down by 4.00% in the last 24 hours, which indicates the speculative nature surrounding it.<a href="https://cryptotale.org/forbes-unveils-20-crypto-zombies-are-stx-icp-ftm-ada-and-eos-doomed/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Forbes Unveils 20 Crypto 'Zombies': Are STX, ICP, FTM, ADA, and EOS Doomed?

CryptoTale

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