Crypto exchange Gemini has published a list of the 10 worst-performing altcoins in 2026. Bitcoin Cash leads the decline with a 61.76% drop, followed by Polkadot at 53.03% and Cardano at 48.04%. Other tokens on the list include XRP, Dogecoin, Sui, Hedera, Solana, Avalanche, and Kaspa, all of which recorded losses exceeding 30% throughout the year.
The exchange attributes the market downturn to reduced liquidity, waning speculative demand, and limited institutional interest. The list features several large-cap networks, indicating that the decline affected established projects alongside smaller tokens. Macroeconomic conditions continue to influence the market, leading to cautious investor sentiment as the year concludes.
Specific factors contributed to the performance of individual assets. Cardano saw its total value locked drop below $50 million as of November 9. XRP experienced a 53.5% decline in spot trading volume and a 44% drop in perpetual futures volume. Additionally, Bitwise closed its Dogecoin ETF in September due to a lack of investor interest.
