It seems to me that such a catalyst will be only the general growth of cryptocurrencies and a stable situation in all financial markets.
You are right that catalyst leada to general growth, but it can also lead to a dump.
When i say catalyst, i mean factors, events or situations that we can relate to the project that leads a demand drive for the token.
For the catalyst to really take effect, the project need good preparation, solid team, trustworthy community to push the hypes upon launch