Analyst: 99% of altcoins may ultimately go to zero during a bear market cycle

Recently, cryptocurrency analyst Michaël van de Poppe issued a warning that about 99% of altcoins may ultimately become worthless. But he also pointed out that this is not a market collapse, but a necessary cleansing.

van de Poppe compares the current market to the early internet bubble period. Back then, hundreds of internet companies emerged, burned through investment funds, and disappeared, with only a few survivors building the modern web.

He believes that the 99% of altcoins going to zero is "completely deserved." Although this prediction seems pessimistic, he said he has never been more optimistic about the long-term prospects of cryptocurrencies.

At the same time, while the market can generate substantial profits during the bubble phase, only truly valuable assets will survive long-term after the bubble bursts.

van de Poppe focuses on several projects he believes can withstand this reshuffling, including Bitcoin, Ethereum, and a few selected decentralized finance platforms like Aave.

Additionally, the current short-term difficulties in DeFi stem from the KelpDAO hack, but this is only a temporary fluctuation, not a structural problem.

The analyst also believes that the current market resembles early 2020, characterized by increased trading volume, recovery of key price levels, and signs of technical indicators breaking out.

However, Our Crypto Talk holds a different view, believing that the current market has not yet confirmed a bullish signal. Bitcoin's price must break above the 20-day simple moving average (20 SMA) and the 20 SMA must cross above the 50 SMA to confirm an upward trend.

Crypto Talk also notes that since Bitcoin currently does not meet these two conditions and its market share remains around 57%, marking this period as a red zone, it suggests the market is more likely to decline rather than rebound.

Furthermore, the continuous rise in Bitcoin's market dominance signals a warning for altcoins, indicating that funds are flowing from altcoins to BTC, a pattern often associated with long-term weakness of altcoins during bear markets.

Van de Poppe also stated that the market has been in a consolidation phase since the sell-off in Q4 2025, which typically lasts two to four months before a breakout. Bitcoin has been consolidating for about two and a half months, possibly indicating the market is approaching a potential turning point.

#Altcoin reshuffling