Turkish Investors Show Preference for Altcoins

Turkish Investors Show Preference for Altcoins

Interest in cryptocurrencies in Turkey is skyrocketing, leading to unique trading volume patterns. Meme coins, in particular, are gaining significant popularity on local exchanges. Data from 21milyon.com provides real-time insights into these trends.

Popular Altcoins in Turkey

Local exchange volume data reveals the most sought-after altcoins among Turkish investors:

• BONK
• DOGE
• BTC

Factors Influencing Choices

DOGE and BONK have gained popularity due to their impressive returns: 145% and 174% respectively over the past month, measured in Turkish Lira. This suggests a preference for altcoins experiencing rapid price growth.

Trading Volume and Global Comparison

The total trading volume on Turkish exchanges has reached approximately 31.11 billion TRY (900 million USD), a significant portion of the global trading volume (185 billion USD).

Other Notable Trends

• Strong price performance of XRP, HBAR, and PEPE has attracted attention.
• Real-time data tracking is available through platforms like 21milyon.com.

Despite recent fluctuations in Bitcoin's price, which has fallen to around 92,700 USD, Turkish investors remain interested in this asset.