Aug 19, 06:47 PM

Altseason Set for September with Ethereum at $15,000, Chainlink $300 Target, Fed Rate Cuts, and $1.4T Altcoin Market Cap

Market indicators suggest the onset of a new altseason in the cryptocurrency sector, with Bitcoin dominance showing a bearish MACD crossover, a pattern previously observed in 2017 and 2021. Analysts and traders predict substantial gains for Ethereum and altcoins, with Ethereum potentially reaching $15,000 and altcoins like Chainlink ($LINK) expected to surge to $300. The altcoin market capitalization has increased by 50% to $1.4 trillion, while Bitcoin dominance has declined from 65% to 59%, signaling a rotation towards altcoins. Key upcoming events include a Federal Reserve speech by Chair Jerome Powell, anticipated to influence Ethereum's price trajectory positively. Additionally, former President Donald Trump is expected to appoint a new Fed chair and implement rate cuts in September, which market participants believe will further fuel the altcoin rally. Industry experts forecast altcoins could multiply between 20 to 100 times, leading to a significant bull run in the crypto market starting next month.