- Forbes has recently published an article that questions Cardano’s viability, Ripple’s, and Bitcoin Cash. article.
- Hoskinson defends Web3 against Forbes “crypto zombie” allegations.
Other cryptocurrencies are not as secure. Cardano’s ADA cannot follow a trajectory similar to the broader cryptocurrency market. ADA traded at $0.6473 when this article was written, after a drop of 1.45% within 24 hours.
A recent study has also been published. Forbes article Labeling some cryptocurrencies “crypto zombies” This list has been in the news. This list includes Cardano [ADA], Ripple [XRP]Bitcoin Cash [BCH].
Hoskinson’s defensive stance
As a response, article, Cardano co-founder Charles Hoskinson Take note of X.
“Hey guys @tezos @Algorand @bitcoincashorg @Ripple_XRP1 @StellarOrg @BobSummerwill we are all Crypto Zombies according to Forbes. I guess it’s because we got all the brain.”
Hoskinson wanted to protect the Web3 community as a whole from the article’s allegations.
Community Backing
Add to the Chain Bill MorganXRP attorney highlighted
“The Zombie chain the SEC alleges more than 80 institutions signed with Ripple to utilise since the Ripple lawsuit commenced despite the chilling effect of the lawsuit on Ripple’s business in the US. Poor @laurashin is so poorly informed.”
The Forbes articleMekras, Anodos Finance Cofounder, criticized Forbes for its lack of research and called their comment “fake news”. “nonsense and misinformation”.
It is important to note that the word “you” means “you”. article penned by Steven Ehrlich, Nina Bambysheva, and Maria Gracia Santillana Linares further highlighted concerns regarding Cardano’s developmental stages, leaving uncertainties about its future trajectory.
Hoskinson’s popularity could be overshadowing the intrinsic value of the blockchain and its utility, the article said.
This incident was a wake-up call for many people regarding the viability of blockchains in the long term, according to Forbes article.
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Source: ambcrypto.com
