Cryptocurrency analyst Michaël van de Poppe has warned that a majority of altcoins may not survive until 2026, citing structural weaknesses, rising competition, and problematic tokenomics. He identifies faulty tokenomics and mismanagement of finances by founders as a primary driver behind the anticipated sector-wide attrition. Van de Poppe notes that the bear market is among the longest in crypto history and draws a cautionary parallel to the post-dot-com era, when many internet projects failed to return.
While institutional participation in crypto remains broadly positive, it can disadvantage smaller projects. He cites the 2017 Neo case as an example of problems that, in his view, are now addressed by better solutions. His perspective aligns with industry sentiment that a broad altcoin season is unlikely and that, as the market matures, only a curated set of assets will benefit. Looking ahead, the gap between surviving and failed alts is expected to widen, and even in the face of short-term losses, focusing on robust, solid projects could strengthen the crypto ecosystem.
On-chain activity, total value locked (TVL), trading volume, and fee generation are cited as indicators of potential survival. Arbitrum, Abe, and NEAR are highlighted as examples of ecosystems with real growth despite price softness, with Arbitrum’s ecosystem showing real growth of about 200% over the same period. Even when prices reach new lows, such projects may offer longer-term resilience for the crypto ecosystem.
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