Is an Altcoin Boom Coming? Coinbase Predicts Market Shift

Coinbase Institutional has issued a prediction: an altcoin season is imminent, with 75% of alternative cryptocurrencies poised to outperform Bitcoin. This comes as the U.S. Federal Reserve is expected to implement a 25 basis point interest rate cut in September, according to Polymarket users who see this likelihood at 75%. Bitcoin’s market dominance has taken a dip, falling to 59.39%, while the ETH/BTC pair reached its annual high at 0.039 on August 14th, reflecting growing strength within the altcoin market. Coinbase predicts this shift will occur as individual capital remains outside the market, potentially drawn in by a rate cut.