Bitcoin price today, at the time of writing, has climbed above $54,500 and reached a new peak. The recent correction’s losses have been erased. More importantly, as the resistance zone was overcome, we also saw an increase in interest in altcoins. So, which altcoins are Turkish crypto investors buying and selling the most on local exchanges?
What is 21milyon.com?
The volume data of Turkey-based cryptocurrency exchanges are publicly available. However, tracking these data individually to see which altcoin has how much volume on which exchange and then aggregating them to find cumulative figures is quite challenging. 21milyon.com does this for investors and compiles volume data from local exchanges.
Moreover, you can follow which altcoin is available on which local exchange or which ones have reached the highest volume on which platform through this website. 21milyon.com also displays the prices of altcoins in Turkish Lira.
For example, if you have 1000 XRP and want to know where you would be most profitable to exchange it, instead of searching on Google for “XRP Coin kaç TL?”, you can find out the price at which XRP or other altcoins are finding buyers on exchanges through 21milyon.com. Sometimes, due to excessive demand, prices can exceed the market average, which even nowadays makes arbitrage opportunities possible.
Altcoins Favored by Turkish Investors
In the last 24 hours, a total of $568.4 million, equivalent to 17.8 billion Turkish Lira, was traded on Turkey-based local exchanges alone. A significant portion of this trading volume was taken by Tether and BTC. In third place, contrary to the volume ranking on global exchanges, we see PEPE Coin. The total value of PEPE Coin transactions surpassed Ethereum, Solana, and others.
Lesser-known altcoins, as you can see in the list above, also made it into the top 10. This confirms that Turkish crypto investors are showing much more interest in highly risky assets. We always see USDT and BTC occupying the first two spots in volume, which is not surprising. However, the rest of the ranking is extremely useful for understanding the investor profile.
