Nansen CEO Alex Svanevik has forecasted that Cardano will fall out of the top 20 cryptocurrencies by 2026, citing its low usage and describing it as a 'ghost chain.' Svanevik highlighted that projects like Hyperliquid, Monad, and Zcash could surpass Cardano. Currently, Cardano's ADA has dropped over 55% from its year-to-date high, reaching its lowest level since November 2023. Data from DeFi Llama indicates a 27% decline in Cardano's DeFi TVL over the past month, now at $215 million, compared to Solana's $20 billion. Cardano's ecosystem hosts only 61 dApps, significantly fewer than Ethereum's 1,664. Its stablecoin market cap stands at $38 million, trailing behind newer chains like Plasma and Hyperliquid. The number of active Cardano addresses has decreased to under 22,000, far below Solana's 2.3 million. Technical analysis suggests ADA could fall to $0.27, potentially reducing its market cap to $9.9 billion and dropping its ranking from 10th to 14th.