Forbes

Solana-based meme coin Dogwifhat (WIF) has taken the cryptocurrency market by storm, becoming the best-performing asset in the first half of the year, as the Shiba Inu puppy-inspired token has outperformed Bitcoin’s (BTC) 48% surge since January, making it the top returner among approximately 70 coins with market caps over $1 billion.  Dogwifhat (WIF) Leads The Pack According to Forbes, Dogwifhat has emerged as the leading performer among the group of coins, with a market cap of more than $1…

The Shiba Inu price and where it could be headed has long been a bone of contention among analysts. While some see the meme coin struggling for the foreseeable future, others expect the coin to resume its rally and actually reach a new all-time high. A new Forbes report falls in the latter category, expecting a significant surge in price towards new highs. Shiba Inu Price To Reach New ATH In the Forbes report, the Shiba Inu token is lauded…

Since Forbes attacked XRP, ADA, ICP, BCH, and XLM as zombie tokens with “little utility other than for speculative crypto trading,” investors have been split on whether to hold them. Over the past months, most of the 20 ‘zombie’ tokens have declined by more than 20%, with some losing a third of their value, like Cardano’s ADA and Stacks’ STX. It’s been a month since Forbes published a scathing article describing 20 blockchain networks whose market cap is at least…

In a controversial report, Forbes unveiled a list of 20 “crypto billion-dollar zombies,” Layer 1 (L1) tokens, which the news outlet defines as crypto assets with substantial valuations but “limited utility beyond speculative trading.”  These cryptocurrencies and projects include Ripple, XRP, Ethereum Classic (ETC), Tezos (XTZ), Algorand (ALGO), and Cardano (ADA), among others.  XRP And Ethereum Classic In The Spotlight Ripple Labs, the company behind XRP, was highlighted as a prominent crypto zombie. Despite XRP’s active trading volume of around…

TL;DR Forbes labeled Ripple’s blockchain as ineffective and its token as purely speculative, questioning its utility and market value. Charles Hoskinson and crypto supporters defended Ripple, making jokes with the media company’s report. Forbes Takes Aim at Ripple (XRP) The global media company Forbes recently published a report called “The Rise of Crypto’s Billion Dollar Zombies,” which touched upon numerous cryptocurrency protocols. It paid special attention to Ripple (the company behind the XRP token) and provided detailed information about its…

Charles Hoskinson has defended Cardano and half a dozen other blockchain networks, including Tezos, Stellar, and XRPL, after a scathing article by Forbes on ‘crypto zombies.’ Forbes tore into over 20 crypto networks with a market cap worth over a billion dollars but few developers, users and applications and lack substantial use in the real world. A Forbes article that tore into two dozen blockchain projects and described them as crypto zombies has caused uproar in the sector, with several…

A recent Forbes study of 157 crypto exchange platforms claims over half of all operations involving king crypto BTC are fake.  Wash Trading One of Bitcoin’s Worst Criticisms Since the inception of the crypto space, Bitcoin has retained its position as the world’s leading digital asset. With a market cap nearing $400B the token comprises a noteworthy ~40% of the $1T global market cap of all cryptocurrencies.  BTC has begun to experience rising levels of institutional adoption. With more than…

Binance is on the verge of acquiring $200 million in Forbes stakes, as it touts the magazine publisher as an essential tool for web 3.0 Binance will merge with the blank-check company Magnum Opus in a $400 million takeover deal. Forbes will list on the New York Stock via SPAC as FRBs in the coming months. Binance SPAC Merger Major crypto exchange Binance will invest about $200 million into Forbes to ease a special purpose acquisition purchase (SPAC) of the…