Crypto exchange Gemini published a list of the 10 cryptocurrencies with the largest year-to-date losses for 2026, identifying Bitcoin Cash (BCH) as the top underperformer with a 61.76% decline, according to U.Today.
The list, shared on the X social media platform, highlights significant price drops across major digital assets. Polkadot (DOT) ranks second with a 53.03% price decline, followed by Cardano (ADA) at third place after losing 48.04% of its value. Ripple’s XRP sits fourth with a 43.43% loss, while Dogecoin (DOGE) takes fifth place at a 42.38% drop. Other assets on the list include Sui (SUI) at -42.08%, Hedera (HBAR) at -38.13%, Solana (SOL) at -34.02%, Avalanche (AVAX) at -33.40%, and Kaspa (KAS) at -30.75%.
Market Liquidity and Institutional Interest
Gemini attributes the broad underperformance of these altcoins to declining market liquidity, weakening speculative interest, and a lack of institutional engagement. General macroeconomic conditions are also cited as contributing factors to the sector’s weakness. While these macro-level issues affect the entire group, specific ecosystem challenges have further impacted individual assets.
Cardano faces limited activity in its decentralized finance sector. As of November 9, the total value locked in Cardano’s DeFi ecosystem fell below $50 million. This drop in on-chain activity coincides with the asset’s 48.04% year-to-date loss.
XRP presents a different dynamic. Ripple has continued expanding into institutional payments, stablecoins, and tokenization, yet these developments have not generated sustained buying pressure for the token. Spot trading volume for XRP has decreased by 53.5%, while perpetual futures trading volume has dropped by 44%.
Bitcoin Cash Reversal and Dogecoin ETF Shutdown
Bitcoin Cash is experiencing a sharp reversal of its 2025 performance, during which the asset gained approximately 38%. Selling pressure intensified in May and June 2026, resulting in back-to-back monthly declines of over 30%. Although a rebound occurred in September following CME Group’s announcement of Bitcoin Cash futures, the move was insufficient to halt the ongoing downtrend.
Dogecoin is struggling with waning speculative interest in the meme cryptocurrency category. The asset’s institutional investment narrative has also failed to gain traction. In September, Bitwise announced the shutdown of its Dogecoin ETF after the product failed to attract investor interest.
