In my opinion, the revolt is genuine.
Chavismo is a disaster.
1/4 of the population immigrated, thousands suffer from hunger, urban violence skyrocketed.
In the 90s, PDVSA, their state oil company, produced more than 3 million oil barrels per day. Now it produces less than half of that sum. The country has the world´s largest oil reservers.
Chávez and Maduro put all his political allies in critical positions at PDVSA and they didn´t know a thing about oil extraction.
It´s also important to point out that Venezuela was already a disaster before the sanctions.
Maduro is still in power only because China, Russia and Iran have interest in keeping the regime afloat.