The “Altcoin Season” in the encryption market is not used to. In the past cycle, Bitcoin Rallies went to the Altcoin boom and lifted almost all tokens. The new market trend now suggests that the era of indiscriminate interests is disappearing.
Analysts predict more optional Altcoin cycles. “The era of pumping is over.” In an interview with Beincrypto, HITESH MALVIYA, the founder of Crypto Analytical Tool Dyor, said that retail investors looking for the next big winner should adapt to this evolving trend.
How to find Altcoin who won the uneven market
Traditionally, the Altcoin season meant that Bitcoin’s dominance was low and most of the altcoins surged. The extensive rally can be over.
Malviya told Beincrypto, “If the idea of a full -fledged ALT season comes from the past cycle, I really don’t expect it.
Market experts expect a more subtle stage to flourish the most powerful projects. In short, instead of rising with the assistant who lifts all the boats, the next Altcoin season can prefer quality (projects with actual use and profit) rather than quantity.
Investors should focus on basics such as use, profit and community growth. The market now compensates for substances for overweight advertising. In fact, interest in speculative sectors, such as MEME Coins, has declined sharply since late January 2025.
“The adoption curve will raise a new shape, and the speculative curve will lose its charm, lose its charm, introduce lower volatility to the market, provide more stable returns, and make the market less correlated with stocks.
The main reason for the evolution of the Altcoin season is that liquidity is now rotated among other stories.
Liquidity flows into a convincing story. There was a mini -cycle where certain themes such as memes coins, AI tokens, defect projects, and meta bus games fire. Money chases a hot story and moves next.
Latical investors see social media, developer activities and news, pull the stories early and enter the crowd before the crowd.
Malviya said, “Liquidity will always flow to different stories in different times because there are several categories in Crypto, as with stocks, some categories always surpass different categories.
How to find potential Altcoin winners? Identify the strength of the decline
Malviya thinks investors should watch Altcoin, which shows relative strength during the recession. If Altcoin can keep value or rises as Bitcoin slides, elasticity represents powerful demand (initial accumulation).
Malviya said, “Dyor provides a metrics of optimal relative strength, which helps to track some of the best coins and stories that have shown the highest strength in the last seven or 30 days.The coin that has achieved more than the last 30 days has a great opportunity to find a floor and start a fresh bridge.

Malviya also discussed other basic indicators to track. This includes:
- Dex Volume: If the volume of trading is on the distributed exchange, the price of the default tokens can increase.
- Total value (TVL): The growth of deposits and the immersion of total value means the strength of the token of the user trust -loan protocol.
- Derivatives volume: Increasing chain trading activities means a fee that supports more traders and tokens.
- Oracle Total Value Secured (TVS): The total value climbs secured by Oracle (e.g. Chain Link) shows greater dependence while increasing token demand.
- Revenue background: The actual revenue of Depin Project (Real-World Service) represents a sustainable model, not an over-advertising.
Malviya also emphasized the emphasis on encryption projects. He believes that even if the token study is defective, even a good project can be shaken.
ToKenomics -The supply and incentive design of tokens can create or break altcoin. While good token studies (process distribution, powerful utility) generate continuous demand, poor token science (excessive inflation or constant internal rich unlock) often destroys the project.
“Ideally, community and ecosystem funds need to secure more than 60% of the supply to create actual demand for the product by providing incentives for developers and users through the planned token emissions planned at various stages. Tokens were created to actually lead the actual user demand for the product.The bribes can trade in the market, so the product can be traded in the market. Because it can cause failure, the failure of this product can be made potential, and in most cases, the price of the token will eventually determine the number of products.
Finally, he shares a tool to help users find the next winner of the Altcoin season.
- dyor -The user can find relative intensity data over 200 or more coins using Dyor, and find the default data with detailed research reports with detailed demand token data for more than 70 coins and the default data of 65 or more coins.
- Displacement Trace multiple chain Defi data such as -tvl and volumes.
- Sand Hill Analysis -This is a community -centered platform that provides customized on -chain data dashboards.
Malviya said, “The community needs to learn how to use Defillama and Dune dashboards to discover interesting alphas, most of which are tracked on these two platforms, to find the right dashboard.
People who are armed with solid studies are the best opportunities to win the next Altcoin season winner.
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