☕️The fate of Cardano (ADA) is being questioned again after the CEO of Nansen, Alex Svanevik, shared a controversial prediction that the project will be pushed out of the list of the top 20 crypto assets by market capitalization by 2026.
☕️Svanevik referred to Cardano as a "ghost chain," meaning a blockchain network with minimal user and developer activity. He argued that the lack of real-world utility is the main factor causing Cardano to lose competitiveness compared to new, rapidly developing projects.
☕️Cardano's Competitor Projects: Hyperliquid, Monad, Zcash, and according to Svanevik, there are three crypto projects that he believes will overtake Cardano in the near future:
1. Hyperliquid – a rapidly growing perpetual derivatives trading platform.
2. Monad – a high-performance, EVM-based blockchain.
3. Zcash – a privacy asset that is regaining market interest.
☕️He assesses that these projects have tangible utility and innovation that will propel them to higher rankings, replacing Cardano's position, which continues to weaken in terms of adoption and price performance.
