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Turkey is home to millions of cryptocurrency investors, and local regulations are set to be introduced soon. Even during challenging bear markets, Turkish investors remain active, as evidenced by the multiplying trading pairs with the Turkish Lira (TRY) on Binance and other exchanges. The question arises: which altcoins are they most interested in?
How to Find the Altcoins Turkish Investors Are Buying?
While the list changes periodically, there are always constants such as USDT and BTC, which are less risky and can yield profits through short-term trades. On the other hand, the list continues with the projects that are currently hyped among Turkish investors.
Sometimes it’s Solana, other times a different new altcoin; the preference always changes. Moreover, this volume ranking is significantly different from the rankings on platforms like CoinMarketCap. We often see a divergence between global interest and the assets that Turkish investors are keen on.
There are two ways investors can detect this interest. They can monitor the order books of local exchanges on multiple screens and aggregate the volumes to reach an accurate conclusion. Alternatively, they can visit 21milyon.com, which aggregates this data from all local exchanges, and easily find out which altcoin is available on which exchange, its price, and other details. The news feed section at the top also allows for following the latest developments.
Altcoins Purchased by Turkish Investors
According to 21milyon.com, the cumulative volume on local exchanges is $378.5 million, or 11.5 billion Turkish Lira. Tether and Bitcoin continue to dominate the volume, representing over 2 billion TL.
In third place is API3, which has recently attracted attention due to its rise on the global stage. Although it does not create massive volumes globally, it has significant interest on local exchanges. Following that is SOL Coin, which has shown a quick recovery after each dip.
The full list above is updated in real-time on the 21milyon.com website. You can access this data instantly by clicking the link.
