2026 was supposed to be the year of altcoins – So what went wrong?

For years, investors in the crypto market have followed a familiar pattern. The moment they see that Bitcoin’s price gains are eventually slowing down, they begin moving capital into Ethereum and other altcoins in search of higher returns. This rotation has historically fueled what the market calls an “altcoin season.” However, 2026 is beginning to challenge that expectation. Though the market has seen brief periods of outperformance, these have failed to develop into a sustained rally across the wider altcoin ecosystem. What makes this particularly concerning is that the year is now approaching its end without a convincing sign of the long-awaited rotation.

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