Matrixport: Sustainability of altcoin rally in doubt as trading volumes decline

04/01 07:54

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On April 1st, Matrixport's latest report pointed out that with a wave of altcoin activity entering the market, cryptocurrency trading volume has skyrocketed since early March. Expectations of the Ethereum Dencun upgrade and low transaction fees have fueled this frenzy, and some political developments have pushed cryptocurrency to the forefront of political elections. However, as trading volume declines, the sustainability of altcoin growth is being questioned.

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