Cryptocurrency markets continue to attract Turkish investors despite recent declines. The popularity of crypto projects in the country has been increasing, especially since the rally that began in 2021. So, what are the top 5 crypto projects that Turkish investors have shown interest in over the last 24 hours? We examine this with data from 21milyon.com.
Data Highlights of the Last 24 Hours
According to data from the analytics platform 21milyon.com, the Turkish cryptocurrency markets have seen over $652 million in trading volume in the last 24 hours. This trading volume, which is more than 21 billion Turkish lira, is noted as one of the lowest in recent days.
On March 4th, the Turkish cryptocurrency markets witnessed over $1.5 billion in trading volume, indicating a surge in interest from Turkish investors, particularly due to the rise in Bitcoin. It is noteworthy that until the beginning of March, the daily trading volume in Turkey’s cryptocurrency markets rarely fell below $500 million.
Recently, the rise in memecoin projects has caught the attention of Turkish investors. The presence of Floki and Pepe in the top five is evidence of this trend. The limited listing of memecoin projects on Turkish crypto exchanges has highlighted popular memecoin projects during this period.
Top Five Tokens Attract Attention
The token with the highest trading volume by Turkish investors in the last 24 hours is AMP, the native token of Fleza Network. The AMP/TRY pair has seen over 1.233 billion Turkish lira in trading volume in the last 24 hours. At the time of writing, AMP has risen by 7.58% in the last 24 hours and is trading at 0.35 Turkish lira.
In second place is the USD/TRY pair, which has reached a volume of $1.139 billion in the last 24 hours, attracting significant interest from Turkish investors looking to purchase dollars. The pairing on two different exchanges has a combined volume of over 2 billion Turkish lira in the last 24 hours.
FLOKI ranks third, with the FLOKI/TRY pair achieving more than 872 million Turkish lira in trading volume over the last 24 hours. Despite the rise in the past month, the interest of Turkish investors in the memecoin project is noteworthy.
PEPE/TRY takes the fourth spot, while the BTC/TRY pair is in fifth place. PEPE has a trading volume of 765 million Turkish lira in the last 24 hours, while Bitcoin has a volume of 733 million Turkish lira.
