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Bitcoin price set its peak for the year 2023 in December, reaching the highest level in the last 19 months. This excitement is fueled by optimism that the long-awaited ETF applications, which are expected to draw institutional investors into cryptocurrencies, will finally be resolved. Turkish investors eagerly awaiting this great news will read it first from COINTURK by January 10th.
Turkish Cryptocurrency Investors
Turkey has been home to one of the most active and largest cryptocurrency investor communities in the world. Even in reports with the weakest figures, there is mention of over 5 million Turkish cryptocurrency investors. We have all seen how the TRY pairings on the Binance Global exchange have multiplied over the year. After the 2021 bull season, the interest of Turkish cryptocurrency investors in this field decreased in a weaker manner compared to other regions.
Now, as excitement rises again, investors are reaching massive trading volumes even on local exchanges. 21milyon.com allows you to instantly monitor all local exchanges’ pairings and price movements for years. According to the data here, a 2023 volume record was broken on December 15 with a daily volume of $720.3 million (over 21 billion TL).
Although the volume has now fallen back to around 14 billion TL, it is still at least three times the 4-5 billion TL volumes seen in the middle of this year.
What is 21milyon.com Used For?
We mentioned that Turkish cryptocurrency investors represent a very large trading volume. This means that the cryptocurrencies they are interested in could positively diverge during the process. Indeed, many cryptocurrencies such as AVAX, SOL, and MINA are not only popular among Turks but also lead the rallies. The price of MINA Coin increased by over 100% in a short period. We saw similar rapid increases in alternative cryptocurrencies like AVAX and SOL Coin.
21milyon.com shows you in real-time which cryptocurrencies are popular on local exchanges used by Turks. To collect this data individually, you would need to visit all the exchanges’ pairings and calculate their cumulative totals in an Excel file 24/7. Or, you can open 21milyon.com and reach the data you want in a few seconds.
Completely free, 21milyon.com displays the latest crypto developments from local sources in its news section, and on the cryptocurrencies page, it shows you the TL performance and volume ranking of 380 different altcoins.
