Gemini listed the ten cryptocurrencies that have recorded the largest losses since the beginning of 2026. Bitcoin Cash ranks first with a 61.76% decline, followed by Polkadot at 53.03%, Cardano at 48.04%, XRP at 43.43%, and Dogecoin at 42.38%. The underperformance is driven by declining market liquidity, weakening speculative interest, lackluster institutional demand, and macroeconomic conditions. Cardano also faces limited decentralized finance activity, with total value locked in its ecosystem falling below $50 million, while XRP trading volumes have dropped sharply. Bitwise’s decision to shut down its Dogecoin ETF due to weak investor interest further weighed on the token.
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