Cryptocurrency exchange Gemini has announced the coin with the largest decline in the altcoin sector since 2026. As many large digital currencies in the crypto market have experienced significant double-digit declines, Gemini has identified a group of assets that have performed the worst so far this year.
Gemini Recently, in a post on the social media platform X, listed 10 cryptocurrencies that have experienced particularly severe declines since the beginning of 2026.
In the list of “this year’s biggest losers” titled Gemini, Bitcoin Cash (BCH) tops the list, having plummeted by 61.76% throughout the year.
In second place is Polkadot ( DOT ), with a price drop of 53.03%; Cardano ( ADA ) came in third, with a decline of 48.04%.
Related to Ripple, XRP and the leading meme coin Doge Coin (DOGE) followed closely behind, with declines of 43.43% and 42.38% respectively.
Several other major cryptocurrencies also saw significant declines, including Sui ( SUI ) falling by 42.08%, Hedera ( HBAR ) falling by 38.13%, Solana ( SOL ) falling by 34.02%, Avalanche ( AVAX ) falling by 33.40%, and Kaspa ( KAS ) falling by 30.75%.
Gemini indicates that declining market liquidity, weakened speculative interest, lukewarm institutional interest, and the overall macroeconomic environment are all major factors contributing to the poor performance of most major altcoins so far.
However, for some of these projects, other issues within their ecosystems are also putting pressure on them.
For example, in the case of Cardano, the platform's decentralized financial activities are limited. It is reported that as of November 9th, the total locked-up value in its DeFi ecosystem had fallen below 50 million US dollars.
As for XRP, the situation is slightly different.
Although Ripple continues to expand in the fields of institutional payments, stablecoins, and tokenization, this does not necessarily translate into sustained buying interest in XRP.
In fact, the spot trading volume of XRP has decreased by 53.5%, while the trading volume of perpetual futures has decreased by 44%.
On the other hand, Dogecoin has been dealing with the issue of diminishing interest in meme coin speculation.
Its institutional investment narrative has also not truly taken shape yet. Bitwise announced in September that it would shut down its Dogecoin ETF project, as the product failed to attract investors' interest.
As the liquidity of altcoins declines, Bitcoin Cash leads the decline.
The decline of Bitcoin Cash is particularly evident, as it is currently experiencing a reversal from its strong performance in 2025; during that time, the cryptocurrency rose by about 38%.
In May and June 2026, as BCH experienced a decline of over 30% in a single month for two consecutive months, selling pressure began to intensify.
In September, after the CME Group ( CME Group ) announced the launch of Bitcoin Cash futures, the market saw a brief rebound, but this was not enough to stop the ongoing downward trend.
