The “Altcoin season” of the cryptography market is not what it was. In past cycles, Bitcoin rallies have given way to Altcoin Booms, raising almost all tokens. Now, new market trends suggest that these days of blind earnings are discolving.
Analysts predict a more selective Altcoin cycle – “the era of all that pumping is finished is over.” In an interview with Beincrypto, Hitesh Malviya, the founder of the Crypto Dyor analytical tool, said that retail investors in search of the next big winner should adapt to these evolutionary trends.
How to find winning altcoins in the midst of agitated markets
Traditionally, the Altcoin season meant that Bitcoin’s domination had dropped and most of the altcoins increased. This large rally can end.
“If the idea of an ALT full season comes from past cycles, then it is something that I really did not expect. What we have seen so far in Altcoins is simply the flowering and bursting of a bubble that has occurred on two bull cycles and two bear cycles,” Malviya told Beincrypto.
Market experts provide for a more nuanced phase where only the strongest projects thrive. In short, instead of a rising tide that raises all boats, the next Altcoin season can promote quality (projects with real use and income) on quantity.
Investors should focus on fundamentals such as use, income and community growth – the market is now rewarding the substance on beateering media. In fact, the interest in speculative sectors such as parts even has decreased considerably since the end of January 2025.
“The adoption curve will take a new form upwards, while the speculative curve will lose its charm, the introduction of lower volatility on the market, offering more stable yields and making the market less correlated to actions. This will create a new class of assets in crypto, which should have two major types of asset offers. Malviya continued.
One of the main reasons for the evolution of the Altcoin season is that liquidity now runs between different stories.
Liquidity flows towards convincing stories. There have been mini -cycles where certain themes take fire – pieces of memes, tokens ai, deffi projects, metavese game, etc. The money continues a hot story, then goes to the next one.
Given investors look at social media, developer activity and news to catch emerging stories early and enter the crowd.
“Liquidity will always flow into different stories at different times, because there are several categories in the crypto – as in actions, where certain categories always surpass others. The same market dynamics will also be seen in the crypto,” said Malviya.
How to find the potential winner of the Altcoin season? Identify strength in downward trends
Malviya believes that investors should monitor altcoins showing relative strength during slowdowns. If altcoin can maintain its value or even increase while Bitcoin slides, this resilience signals strong demand (probably early accumulation).
“At Dyor, we offer a metric entitled Optimized Relative Strength, which helps follow some of the best coins and stories that have shown the highest force in the last 7, 30 and 90 days.
In addition, Malviya has also discussed other fundamental measures to follow. These include:
- DEX volume: The rise in trading volumes on decentralized scholarships can increase prices of the native token.
- Total locked value (TVL): The growth of deposits and the total locked value implies user confidence – bullish for the loan protocol token.
- Derivative volume: The increase in chain trading activity means more traders and costs supporting your token.
- Oracle secure total value (TVS): The climbing of total value secured by an oracle (for example, ChainLink) shows greater dependence on this subject, increasing the demand for tokens.
- Revenue backdrop: The real income of a TPO project (real service) signals a sustainable model, not only the media threshing.
In addition, Malviya also underlined the tokenomic of a cryptographic project. He thinks that even a major project can wobble if his token is imperfect.
Tokenomics – The offer of a token and the incentive design can do or break an altcoin. Good tokenomic (fair distribution, strong utility) create a lasting demand, while bad tokenomics (excessive inflation or unlockering of constant initiates) often condemns a project.
“Ideally, the community and the ecosystem fund should obtain at least 60% of the supply to generate real demand for the product by inciting developers and users thanks to token emissions planned at different stages. The feeling often mixes both the product and the token, where, in most cases, the price of the token finally determines the amount of adoption that the product obtains, “said Malviya.
Finally, he shares tools that can help users find the next winner of the Altcoin season.
- Dyor – Users can use DYOR to find relative force data on more than 200 coins, detailed data on token on the request on more than 70 coins and fundamental data on more than 65 pieces, as well as detailed search reports on the main projects.
- Defillama – It follows multi-chaînes DEFI data such as TVL and volumes.
- Analytics of the dunes – This is a platform focused on the community offering data tables on the personalized channel.
“The community should learn to use the DEFILLAMA and DUN dashboards to discover interesting alphas. Most chain data is followed on these two platforms – all you need to do is find the right dashboard, take notes from different growth metrics you notice and build your thesis around a part using this data to reach a better reasonable diligence, “concluded Male.
Those armed with solid research have the best chance of catching the next winner of the Altcoin season.
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