Cryptocurrency Q&A
What is zombie cryptocurrency?
What is zombie cryptocurrency?
DigitalDuke
Fri Sep 27 2024
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7 answers
1238
Excuse me, could you please elaborate on what exactly is meant by the term "zombie cryptocurrency"? Is it referring to a type of digital currency that has essentially ceased to function or trade actively, yet somehow remains listed or available in the market? Are there any specific characteristics or traits that define a zombie cryptocurrency? Furthermore, are there any potential risks or implications associated with investing in or trading such cryptocurrencies? Thank you for your clarification.
7 answers
KimchiQueen
Sun Sep 29 2024
One reason for their inflated valuations could be due to speculative trading and market manipulation, driving up prices without any real-world demand.
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DaeguDivaDanceQueenElegantStride
Sun Sep 29 2024
Zombie blockchains are a unique phenomenon in the cryptocurrency landscape, characterized by their massive market capitalizations despite limited usage.
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Sara
Sun Sep 29 2024
These blockchains often possess large valuations that are not solely based on their underlying fundamentals, raising questions about their true worth.
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Tommaso
Sun Sep 29 2024
Despite their sizable market caps, zombie blockchains are often criticized for lacking the necessary adoption and utility to justify their high valuations.
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SakuraWhisper
Sat Sep 28 2024
Additionally, the limited supply of some zombie blockchains, combined with a lack of competition, can also contribute to their high valuations.
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