Matrixport: Sustainability of altcoin rally in doubt as trading volumes decline
PANews reported on April 1 that Matrixport, Wu Jihan’s crypto financial services company, issued an article saying that as a wave of altcoin activity poured into the market, cryptocurrency trading volume began to surge in early March. Anticipation of the Dencun upgrade and low transaction fees sparked the frenzy, with several political developments pushing the cryptocurrency to the forefront of political elections. However, with trading volumes declining, the sustainability of the altcoin’s rally has been called into question.
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