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COINTURK NEWS > Altcoin News > Galatasaray Secures Championship and Boosts Fan Token Interest
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Galatasaray Secures Championship and Boosts Fan Token Interest

In Brief

  • Galatasaray secures the Turkish Super League championship.

  • Galatasaray Fan Token price climbs to $7.85.

  • Turkish investors show high interest in local altcoins.

COINTURK NEWS
COINTURK NEWS 2 years ago
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Today, the champion of the Turkish Super League will be determined, and based on the current scores, the winning team is clear. Fenerbahçe had little chance of winning the championship in the final match, and Galatasaray secured their championship by leading 3-0 up to the 75th minute. So, which altcoins are Turks interested in today?

Contents
Galatasaray Fan TokenAltcoins Bought by Turks

Galatasaray Fan Token

Today is the day the champion of the Super League is determined, and unless Galatasaray suddenly concedes 4 goals, they will take the cup. For this reason, the price of the Galatasaray Fan Token (GALF) has climbed to rare levels. The token of the team that achieved its 24th championship in history rose to $7.85 during the day. This level was last seen in the week of November 29, 2021.

Returning to this price range for the first time since the last bull markets, GALF could not stay here for long. The price, which fell below the critical peak of $5, is now hosting profit-taking as the championship is confirmed.

In the TRY pair, the Galatasaray Fan Token, which found buyers at 123 liras, maintains an 18% gain in 24 hours. The 30-day increase is at 44% from the daily price. Turkish crypto investors showed more interest in GALF Coin on local exchanges than in assets like Bitcoin and Tether. So much so that its volume of 4.8 billion TL was more than the total volume of TETHER and PEPE.

Altcoins Bought by Turks

Turkish crypto investors follow the agenda much more closely, creating different tables from the global volume rankings. The site 21milyon.com, which we use to monitor local exchanges, provides these volume data instantly. Accordingly, due to Galatasaray’s championship struggle, it is in the first place. The total trading volume on local exchanges has reached the 25 billion TL mark. This figure is comparable to Turkey’s traditional stock market, BIST100.

Above, you see the list of the most popular cryptocurrencies. Bitcoin doesn’t even make it to the top three because it didn’t show enough volatility over the weekend. Many fan tokens, led by CHZ, made it to the list, while PEPE Coin is in second place due to its constant new ATH attempts.

You can follow our news on Telegram, Facebook & Coinmarketcap & X
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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COINTURK NEWS 26 May, 2024 - 9:01 pm 26 May, 2024 - 9:01 pm
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