The memecoin sector is witnessing a significant surge as speculation mounts over a potential Federal Reserve interest rate cut and the introduction of altcoin ETFs. The CoinDesk Memecoin Index (CDMEME) climbed 7.1% in the past 24 hours, with tokens like SHIB and BONE leading the charge. This rally is fueled by expectations of a 25 basis point rate cut, which traders on Polymarket estimate has a 92% probability, enhancing the appeal of riskier assets. Bitcoin's market dominance has declined by 3.5% over the last month, as altcoins outperform, signaling a potential 'altseason.' The prospect of altcoin ETFs, including those for DOGE and TRUMP, entering U.S. markets could further boost investor interest. The combination of these factors is driving a renewed appetite for memecoins and other altcoins.