Turkish Investors Show Preference for Altcoins - Latest cryptocurrency news
Interest in cryptocurrencies is surging in Turkey, leading to unique trading volume patterns distinctly different from global trends. Meme coins, in particular, are capturing a significant share of attention on local exchanges. Recent data from 21milyon.com allows for real-time tracking of trading volumes across these platforms, highlighting preferences among Turkish crypto enthusiasts.
What Altcoins Are Popular in Turkey?
The tracking of local exchange volumes provides insights into the altcoins that Turkish investors are gravitating toward. The latest figures showcase the top three assets currently in demand:
- BONK
- DOGE
- BTC
Which Factors Drive Their Choices?
Notably, DOGE and BONK have surged in popularity due to impressive returns of 145% and 174% over the past month, respectively, when measured in Turkish Lira. This trend indicates that local investors are particularly keen on altcoins that are experiencing rapid price increases.
The total trading volume on Turkish exchanges has reached approximately 31.11 billion TRY, roughly equivalent to 900 million USD. Although the overall global trading volume exceeds 185 billion USD, this suggests that the activities of individual Turkish investors on local platforms are substantial.
- Top altcoins favored include BONK, DOGE, and BTC.
- Strong price performance of XRP, HBAR, and PEPE attracts attention.
- Real-time data tracking through platforms like 21milyon.com is available.
As Bitcoin‘s price has fallen to around 92,700 USD, reflecting a decrease from its peak, it is evident that while BTC may reach new heights, fluctuations are inevitable, presenting challenges for traders.
