PENGU and other altcoins are expected to experience a bullish fourth quarter as interest in these cryptocurrencies grows. The market is closely watching the Federal Reserve's upcoming rate cut decision, which could negatively impact Bitcoin but potentially benefit altcoins. Analysts predict that a shift away from Bitcoin's dominance could lead to an altseason, with altcoins outside the top 10 gaining traction. Memecoins like PENGU and DOGE are highlighted as particularly promising, with analysts expressing optimism about their performance in the coming months. The Federal Reserve's decision, expected within the next 12 hours, could significantly influence market trends, making October and November critical for altcoin performance.