In recent years, the altcoin season meant simultaneous growth of all tokens following the increase in Bitcoin’s price. Analysts now believe this era has ended, and a new selective phase has begun. Hitesh Malviya, founder of DYOR analytical tool, suggests that retail investors looking for future winners should focus on new market trends. Malviya states that in this new altcoin season, only projects with real-world utility, income, and community will succeed. This shift will lead to reduced volatility, more stable returns, and greater separation of the crypto market from stocks. In this scenario, a new asset class in the crypto market will emerge, divided into tokenized assets with strong cash flow (such as AAVE) and store of value assets (such as Bitcoin and Ethereum). Malviya also believes that the rotation of liquidity among attractive sectors like DeFi, artificial intelligence, or Metaverse will create small bullish waves that will then move to the next sector. Therefore, investors should follow social media, developer activities, and news to enter these waves earlier than others. He also introduces a metric called Optimized Relative Strength in DYOR, which evaluates the performance of the strongest coins and narratives in the past 7, 30, and 90 days. Coins that have outperformed the overall market in the past 30 days are likely to have more growth potential when starting a new uptrend. Additionally, metrics such as decentralized exchange trading volume, total value locked (TVL), derivatives trading volume, oracle’s secured value, and real income of DePIN projects are also crucial. Tokenomics also play a vital role in finding winning altcoins. Fair distribution, strong utility, and allocating at least 60% of tokens to the community and developers are factors for these projects’ success. Alongside DYOR, well-known platforms like DeFiLlama and Dune Analytics help users obtain accurate and reliable information and identify the winners of the new altcoin season through proper analysis.
