Alt Coins Waiting for a Catalyst – Explained by Josh

Most altcoins are stuck in a holding pattern, waiting for a catalyst according to Josh.

🩸 Economic factors like rising bond yields, a stronger U.S. dollar, and upcoming events like the Gemini Earn distribution could provoke heavy selling and keep altcoin prices depressed.

🕯️ However, Josh believes lower interest rates, increased liquidity, and rebounding consumer demand later in 2024 could provide the spark altcoins need. He’s patiently waiting for that environment to take shape before going overweight on riskier altcoin plays.

💵 For now, Josh’s altcoin portfolio is concentrated in relatively stable assets like Ethereum, Solana and select bullish meme coins. His advice is to be patient and “get paid to wait in USD and yield” until that elusive catalyst for broader altcoin upside emerges.

Most altcoins remain stuck waiting for the right mix of economic conditions and liquidity to drive their next rally according to Josh’s analysis. Monitoring market forces will be key to spotting that catalyst.