Forbes Becomes the New Reverse Indicator! 10 of the 20 Altcoins It Said Were Useless Soared! Are Others Next?

The well-known American magazine Forbes, which has a history of over 100 years, warned investors against these altcoins in May, stating that 20 altcoins, with XRP in the first place, were zombie tokens.

Stating that these altcoins are of little use other than speculative trading, Forbes said that the common feature of these altcoins is that they do not have any denominator and a significant user base in practice.

Forbes listed these 20 altcoins as follows: XRP, ADA, LTC, Bitcoin Cash (BCH), Internet Computer (ICP), ETC, Stellar (XLM), Stacks (STX), Kaspa (KAS), Theta (THETA), Fantom ( FTM), Monero (XMR), Arweave (AR), Algorand (ALGO), Flow (FLOW), MultiversX (EGLD), Bitcoin SV (BSV), Mina (MINA), Tezos (XTZ) and Eos (EOS).

Related News: Forbes Warned About These 20 Altcoins! "XRP, Litecoin (LTC) and Cardano (ADA) are also on the list!"

Seven months after the zombie altcoin list, some altcoins, especially XRP, recorded tremendous increases. After these increases, investors mocked this list of Forbes, reminding them of this list.

While XRP, which Forbes calls a zombie token, has increased by 400% in the last 30 days, XLM has increased by 466%; ALGO by 406%; ADA by 263%; EOS by 174%; THETA by 170%; XTZ by 162%; EGLD by 130%; FLOW by 126%; FTM by 114%.

While 10 altcoins, including XRP, have increased by more than 100 percent in the last 30 days, investors expect other altcoins to experience major increases in the coming days.

*This is not investment advice.

Continue Reading: Forbes Becomes the New Reverse Indicator! 10 of the 20 Altcoins It Said Were Useless Soared! Are Others Next?