Crypto analyst Michaël van de Poppe warns that most altcoins will likely not survive through 2026 due to poor tokenomics, prolonged bear market conditions, and technological obsolescence. He compares the current crypto downturn to the dot-com bubble aftermath, emphasizing that only projects with strong on-chain growth despite price declines, such as Arbitrum, Aave, and NEAR, are likely to endure. The analyst expects a significant altcoin shakeout, which could ultimately benefit the crypto ecosystem by focusing value on more robust projects.