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Bitcoin has once again surpassed its previous all-time high (ATH) of $69,000, turning eyes back to the world of cryptocurrency. This surge in interest seems to be mirrored in Turkey as well. In Turkey, where exchanges have been increasing their investments for some time, the investments made by users and their choice of cryptocurrencies continue to attract attention. Considering the increase in the number of transactions in the TRY pair, what were the most preferred cryptocurrencies in Turkish exchanges in the last 24 hours?
Which Cryptocurrencies Are Turks Trading?
Interest in cryptocurrencies can focus on different projects during independent periods. Nevertheless, USDT and BTC consistently remain in the top 10.
While the list may change due to periodic hype, it is known that there are parallels between global and Turkish markets, but this time the situation does not seem to be unfolding in the same way.
While all this is happening, there are two different ways to follow investor interest. Some investors can monitor the order books of local exchanges across multiple screens and try to come up with the correct conclusion by compiling the volumes.
Alternatively, you can visit 21milyon.com, which does this for you and gathers all this information, allowing you to obtain all the data you want within seconds.
Moreover, on this website, you can not only see the volumes but also find out on which exchanges these volumes occurred. You can easily view which altcoin is receiving the most interest, their prices, and all other details.
Top Altcoins Traded in the Last 24 Hours
According to data provided by 21milyon.com, the 24-hour trading volume on local exchanges was $661,082,816.84, which is 21,138,061,130.00 TRY. Investors seemed to be in a state of mixed emotions during this period.
It was observed that investors made significant purchases of Tether (USDT), possibly due to the elections scheduled for March 31.
On the other hand, it appears that there is still a Meme coin hype in the market. FLOKI, the second most traded cryptocurrency, had a 24-hour trading volume of 1,536,651,286 TL. Notably, it was one of the three cryptocurrencies in the top 10 that had a positive outlook over the last seven days.
Bitcoin, which is in third place, recently surpassed the price of $69,000, and investor interest shifted there once again. Bitcoin not being in the first place could be interpreted as investors aiming for larger gains.
The most notable cryptocurrencies on the list this week were perhaps Terra LUNA and LUNA Classic, which were at the center of the Terra Labs incidents that may have plunged cryptocurrencies into chaos. Following the developments related to Do Kwon’s legal proceedings last week, a lot of news emerged.
In the latest news, it was announced that Kwon was released under house arrest instead of being extradited to the US and South Korea, which had a significant impact on Terra-based altcoins.
