Bitcoin price stays at $67,800, and altcoins continue the day largely flat. So, which cryptocurrencies are most popular in Turkey? Over the weekend, GALF reached significant volumes on local exchanges due to Galatasaray’s championship. Now, interest in meme coins is high.
Prices on Turkish Crypto Exchanges
A significant portion of Turkish cryptocurrency investors also trade on local exchanges, creating substantial volumes. These volume figures, which are extremely exciting compared to Borsa Istanbul, are compiled by 21milyon.com. This website tracks all pairs on local exchanges and shares general and altcoin-specific data with its visitors in real-time.
Thanks to 21milyon.com, you don’t need to check each exchange individually to see the price of a particular altcoin in TL or USD. Details such as which cryptocurrency has reached higher volumes on which local exchanges and its price are presented comparatively.
Its most important feature is that it compiles volumes from all local exchanges to show which altcoins are attracting more interest at that moment. Thus, Turkish crypto investors can see where the volume is flowing. This is also important for predicting price movements on global exchanges. If interest is increasing on local exchanges, prices can also move on exchanges like Binance, where there is a significant number of Turkish investors.
Altcoins Purchased by Turks
As of May 29, the 24-hour trading volume exceeded 18 billion TL. Meme coins always attract the interest of Turkish cryptocurrency investors. Today, assets like PEPE and FLOKI are among those with the highest volumes. USDT has been in the top 10 in volumes for years due to the volatility of the local currency.
The situation in altcoins according to volume ranking is as shown above. PEPE Coin has increased by more than 100% in TL parity in the last 30 days, and FLOKI is also popular due to new attempts. On the other hand, the price of Galatasaray Fan Token is unsurprisingly falling, and the volume is weakening due to the championship. The main event in fan tokens is the rapid rise until significant events like championships are confirmed and the decline seen afterward. We have seen this in many events, including the World Cup.
