- In a recent article, Forbes questions the viability of Cardano, Ripple, and Bitcoin Cash.
- Hoskinson defended the Web3 community against Forbes' “crypto zombie” allegations.
Unlike other cryptocurrencies, Cardano’s ADA cannot follow a similar trajectory to the broader crypto market. At the time of writing, ADA was trading at $0.6473 after falling 1.45% in just 24 hours.
Separately, a recent Forbes article that labeled some cryptocurrencies as “crypto zombies” made news.The list included Cardano [ADA]ripple [XRP]Bitcoin Cash [BCH].
Hoskinson's defensive stance
In response to this article, Cardano co-founder Charles said, hoskinson I picked up X and pointed out:
“Hey guys, @tezos @Algorand @bitcoincashorg @Ripple_XRP1 @StellarOrg @BobSummer According to Forbes, we're all crypto zombies. I think it's because we had all the brains.”
With this, Hoskinson aimed to defend the broader Web3 community against the article's claims.
Community support
In addition to the chain, bill morganemphasized by XRP lawyer,
“Despite the chilling effect of litigation on Ripple’s business in the U.S., the SEC alleges that more than 80 institutions have used zombie chains signed with Ripple since the Ripple lawsuit began. . Poor @laurashin is so under-informed.”
Meklas, co-founder of Anodos Finance, criticized Forbes for highlighting the lack of basic research in the article, labeling its comments as “nonsense and misinformation.”
The article written by Steven Ehrlich, Nina Bambysheva, and Maria Gracia Santillana Linares further highlighted concerns about Cardano's stage of development, leaving uncertainty about its future trajectory.
He also questioned Hoskinson's influence on Cardano's success, suggesting that his popularity could overshadow blockchain's intrinsic value and utility.
Therefore, as highlighted in the Forbes article, this incident was an eye-opener regarding the long-term viability of many blockchains.