Michaël van de Poppe Explains Why Most Altcoins Are Unlikely to Survive 2026

Cryptocurrency analyst Michal van de Poppe warns that most altcoins may not survive 2026, citing structural underperformance, increasing competition, and flawed token economics. His outlook comes amid growing uncertainty about the trajectory of the crypto market in 2026. While many analysts anticipate an extended downturn, others argue that conditions could align for a renewed bull market. Altcoin Shakeout in 2026: Why Many Tokens May Fail While a Select Few Survive In a recent YouTube video, Van de Poppe stated that the assumption that altcoins always come back is a dangerous one. He argues that the past year has been a harsh awakening, with most altcoins performing even worse than in 2022. Its been a rough bear market year as most of the altcoins have gone down by around 90%. And I think that most of them will never be coming back up again, he said. The analyst also outlined several reasons why many altcoins could face challenges next year. One of the primary reasons cited is poor tokenomics and financial mismanagement. According to Van de Poppe, The first reasonwhy most of the altcoins will notsurvive is that founders have screwed uptheir financials, screwed up theirtokenomics, or they have such a bigdownturn that they simply cannot comeback from that. The prolonged market downturn itself is another critical factor. The analyst described it as the longest bear market in cryptos history. Van de Poppe likened the current phase to the aftermath of the dot-com bubble burst. Ifwere looking at the crash after thedotcom bubble, almost all of thoseprojects or companies during that periodthat were building into internet werenot coming back, he stated. Rapid technological progress is also reshaping the competitive space. Using earlier-generation projects as examples, the analyst explained that newer, more efficient solutions have overtaken many altcoins built during previous cycles. In some cases, the original problems these projects aimed to solve no longer exist, reducing their relevance and long-term viability. Institutional adoption, while broadly positive for the crypto industry, may further disadvantage smaller projects. If weuse the example of Neo in 2017, thenright now there are way better solutionsfor the problem that they wanted tosolve. with the institutions comingin, the impact of that is going to benet positive for the entire industry,but net negative for smaller teams thatcannot fight against it, he added. While warning that most altcoins will not do well by 2026, the analyst emphasized that some are positioned to survive. According to his framework, the altcoins most likely to endure are those showing a disconnect between price performance and underlying growth. He argued that projects with rising on-chain activity, increasing total value locked (TVL), higher transaction volumes, and growing fee generation, despite weak or declining token prices, represent potential long-term survivors. He highlighted Arbitrum, Aave, and NEAR as examples. The current price of Arbitrum is hitting new lows compared to that period while the underlying growth of the ecosystem is going up by nearly 200% in the same period of time. Thats where you can find good altcoins, Van de Poppe remarked. This outlook aligns with broader industry views that a widespread altcoin season may not materialize, with only a select few assets positioned to benefit as the market matures. Thus, the divide between surviving and failing altcoins is expected to widen in the next cycle. While this shakeout may lead to short-term losses, it could ultimately strengthen the broader crypto ecosystem by concentrating value in more resilient and fundamentally sound projects.