Altcoins are experiencing growth, hinting at a potential shift towards a full-scale altcoin season as September approaches. Coinbase predicts this shift due to market conditions and Federal Reserve easing, drawing retail capital into high-risk assets like altcoins. Bitcoin dominance has dropped, signaling a possible rotation into altcoins.

Altcoin season indexes are increasing but remain below the 75 threshold historically defining altseasons. CoinMarketCap’s Altcoin Season Index rose to 44, Blockchain Center’s to 53, and CryptoRank’s to 50. The surge in altcoin market cap since July is driven by rising institutional interest in Ethereum, as per Coinbase analyst Duong.

Institutional interest in Ethereum is boosting altcoin season momentum, with altcoin market cap climbing and Altcoin Season Index showing positive signals. For a successful altcoin season, three conditions must align: a supportive macro backdrop, declining BTC dominance, and a strong new narrative. Clear catalysts are key to igniting a significant altseason.

Read more at Cointelegraph: Coinbase Predicts Altcoin Season As Bitcoin Dominance Falls