A closely followed crypto strategist and trader believes that the time for altcoins to shine is close at hand.
Pseudonymous analyst TechDev tells his 520,200 followers on the social media platform X that two macroeconomic factors are flashing bullish for altcoins based on historical precedent.
The trader shares a chart suggesting that altcoins tend to explode whenever global liquidity surges and the business cycle bottoms out.
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Global liquidity refers to the amount of money sloshing in the world’s financial system, while the business cycle tracks the rise and fall of economic activity over time.
Says TechDev,
“Altcoins don’t run until liquidity breaks out. It’s time.”
Source: TechDev/X
Based on the trader’s chart, he appears to suggest that altcoins have sparked steep rallies in 2016 and
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