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

According to news on April 1, Matrixport’s latest report pointed out that as a wave of altcoin activity poured into the market, cryptocurrency trading volume began to surge in early March. Anticipations of Ethereum’s Dencun upgrade and low transaction fees have fueled the frenzy, with several political developments pushing cryptocurrencies to the forefront of political elections. However, with trading volumes declining, the sustainability of the altcoin’s rally has been called into question.