Analyst: Altcoin market now only chases hype and new listing liquidity

While altcoins launched last year have posted an average gain of around 5%, those released between 2020 and 2024 are down by an average of 18% to 23%, according to a CryptoQuant contribution from crypto analyst MorenoDV. He explained that this indicates a strong trend in the altcoin market toward chasing immediate hype and the liquidity from new listings. MorenoDV argued that "alt season" is no longer a phase where all assets rise together but has been reshaped into a selective process where capital flows only to assets with new narratives. The current market, he added, has become a battlefield for short-term attention rather than a competition based on long-term fundamentals. The analyst concluded that the future market structure will be determined by whether the cryptocurrencies launched last year can defend their gains during future periods of volatility.