Memecoins are experiencing a surge as discussions about an upcoming altcoin season gain traction on social media. This rise is partly influenced by predictions that the Federal Reserve may cut interest rates, which is seen as advantageous for riskier assets like cryptocurrencies. In the past month, Bitcoin's market share has diminished by 3.5%, prompting an increase in altcoin investments. Consequently, capital appears to be moving away from Bitcoin, leading to significant gains among alternative cryptocurrencies. Traders are now predicting a 92% chance of a 25 basis point cut in interest rates, with expectations of retail and institutional interest in altcoin exchange-traded funds (ETFs) on the horizon. If approved, these ETFs could provide broader access to altcoins, further stimulating market activity. Notably, popular memecoins like SHIB and BONE have demonstrated impressive price increases amid these developments.

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