Millions of cryptocurrency enthusiasts in Turkey are closely following the developments in the market, and the recent investments made by Turkish users have garnered significant interest. In the past 24 hours, there has been a noticeable increase in transactions involving Turkish Lira (TRY) on local exchanges. So, which cryptocurrencies were the most popular among Turkish investors during this period?
Finding the altcoins preferred by Turks is not a difficult task. Generally, stablecoins like USDT, which serve as trading intermediaries, and Bitcoin (BTC), the leading cryptocurrency, consistently rank in the top 10. However, other projects on the list gain significant trading volumes due to their frequent discussions among Turkish investors.
Last week, the market experienced uncertainty and decline, but mid-week saw a rise in cryptocurrency prices. As a result, certain altcoins quickly rebounded. There are two main ways for investors to track the interest in these cryptocurrencies. Some investors constantly monitor the order books on local exchanges using multiple monitors to accurately calculate trading volumes. Alternatively, they can visit the website 21milyon.com, which conveniently provides the desired data and allows investors to easily track volume data on local exchanges.
On 21milyon.com, investors can view trading volumes, exchange platforms, altcoin details, prices, and other relevant information. Additionally, they can stay updated with news related to these cryptocurrencies.
According to data from 21milyon.com, the total transaction volume on local exchanges in the past 24 hours amounted to $404,464,407.40, equivalent to 13,099,793,227.00 TL. The top spot on the list was occupied by Tether (USDT), a dollar-pegged stablecoin, suggesting that Turkish investors are accumulating Tether for potential heavy investments. Bitcoin (BTC), the market leader, claimed the second position with a 24-hour trading volume of over 1.347 billion TL.
Interestingly, the list prominently features meme coins, such as PEPE, BONK, and FLOKI, which gained popularity in the past year, ranking 3rd, 4th, and 5th, respectively. They are followed by LUNC, which had a disappointing performance in 2022, and XPR, a target of the SEC.
The list also reveals the interest of Turkish investors in AI-focused projects, indicating their anticipation of a potential bull run in this sector.
The real-time list of top-traded altcoins can be accessed on the 21milyon.com website, providing investors with up-to-date information.
Disclaimer: This article does not constitute investment advice. Investors should be aware of the high volatility and risks associated with cryptocurrencies and should conduct their own research.
