Fading Altcoin Trade Volume: Calm Before a Mini Bull Run? Altcoin

• Kaiko market research platform released its latest analysis of the future of altcoins.
• The altcoin trade volumes metric has significantly dropped from its all-time high.
• Historical data associated such a situation with preceding a mini bull run.

Kaiko, a leading market data offering and research platform, has released its latest analysis of the future of altcoins. According to the research platform, there is still a long way to go before the altcoin trade volumes metric reaches the level of previous bull runs.

In a recent video, Clara Medalie, director of research at Kaiko, observed a significant drop in altcoin trade volume. From the data displayed, she explained that the current altcoins trade volume is about one-third of the value in Q1, 2023. According to Medalie, the altcoins’ trade volume fell to its lowest level in the past few years before the Ripple ruling caused a slight spike in volume, leading prices to surge for a few altcoins.

Despite the significant drop in altcoins trade volume from the 20…

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