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COINTURK NEWS > Cryptocurrency News > Turkish Cryptocurrency Investors Favor Specific Altcoins
Cryptocurrency News

Turkish Cryptocurrency Investors Favor Specific Altcoins

In Brief

  • Cryptocurrencies are gaining significant interest in Turkey, resulting in different volume rankings compared to global metrics. In local cryptocurrency exchanges, particularly meme coins are attracting substantial attention. With data from 21milyon.com, it is possible to track real-time total volume figures on local exchanges. Let’s examine the data from the last 24 hours.ContentsCryptocurrencies Purchased by TurksComplete […]
İlayda Peker
İlayda Peker 1 year ago
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Cryptocurrencies are gaining significant interest in Turkey, resulting in different volume rankings compared to global metrics. In local cryptocurrency exchanges, particularly meme coins are attracting substantial attention. With data from 21milyon.com, it is possible to track real-time total volume figures on local exchanges. Let’s examine the data from the last 24 hours.

Contents
Cryptocurrencies Purchased by TurksComplete List of 10 Altcoins

Cryptocurrencies Purchased by Turks

To identify the assets that Turkish cryptocurrency investors are most interested in, local exchange volumes can be monitored. These volumes reveal which altcoins are being bought and sold more frequently, indicating greater interest. According to current data, the top three assets are as follows:

  • BONK
  • DOGE
  • BTC

DOGE and BONK likely top the list due to significant gains recently, with 30-day returns of 145% and 174% respectively in Turkish Lira. Turkish cryptocurrency investors show heightened interest in altcoins experiencing rapid increases.

Complete List of 10 Altcoins

The total volume on local exchanges is at 31.11 billion TRY, nearing 900 million USD. Considering that the total volume across all cryptocurrency exchanges exceeds 185 billion USD, we can assert that the volume from individual investors who do not use global exchanges is at notable levels.

The remainder of the list diverges further from global exchange volume rankings. The complete list appears below.

XRP, HBAR, and PEPE also make the list due to their strong price performance.

There are two ways to follow which altcoins Turkish cryptocurrency investors are interested in. The first is to individually visit all exchanges and compile volume data for the altcoin of interest, which requires repeated effort. The second method is to access 21milyon.com to monitor this data in real-time for free.

The price of Bitcoin $76,042 has declined to 92,700 USD, representing a drop of 1,200 USD from its all-time high. Even though BTC may approach new all-time record levels, it will not continuously rise without facing consolidation and interim declines that may challenge investors.

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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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İlayda Peker 20 November, 2024 - 12:02 am 20 November, 2024 - 12:02 am
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