The memecoin sector is heating up as fresh altcoin season talks are starting to grow on social media, partly driven by expectations that the Federal Reserve will this coming week cut interest rates, a boon for risk assets.

Bitcoin’s market dominance has dropped 3.5% in the past month, and its underperformance relative to altcoins has now seen altcoin season indexes, which measure the performance of top cryptocurrencies against BTC, enter “altseason” territory.

Altseason, short for altcoin season, refers to a period in which alternative cryptocurrencies significantly outperform bitcoin. It often starts as capital rotates out of bitcoin amid growing risk appetite.

Those include indexes from CoinMarketCap and CoinGlass. Over the last 24 hours bitcoin moved up just 0.3%, while the CoinDesk

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