Turkish Investors Show Unique Preferences for Cryptocurrencies

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For years, we have shared updates on the current state of cryptocurrencies, and Turkish investors consistently differentiate themselves from the broader market. Generally, Turkish investors tend to gravitate towards assets that exhibit high volatility. This trend leads to meme coins frequently securing positions among the top 10 cryptocurrencies. So, which cryptocurrencies are currently in today’s TOP10?

Cryptocurrencies Popular Among Turks

Volatility attracts Turkish cryptocurrency investors. While assets like LUNC and CEEK might not top global exchange volume rankings, they often see significant trading on local exchanges. Gathering volume data from all local exchanges is cumbersome, but 21milyon.com provides this information instantly and for free.

The website 21milyon.com aggregates volume data from various local exchanges, allowing users to see which altcoins are currently attracting more attention. Furthermore, it provides details on which pairs are associated with each altcoin on local exchanges.

Top 10 Most Popular Cryptocurrencies

When we look at favorite cryptocurrencies, USDT undoubtedly ranks first. If any altcoin experiences a massive surge without drawing volume, or if the market is in decline, trading volume tends to concentrate on the USDT pair.

BTC typically doesn’t rank among the top 3-4 during altcoin surges. However, it generated nearly 2.2 billion TL in total volume today due to a more than 6% drop. The total volume across all local exchanges reached 33.7 billion TL, competing with the BIST.

XRP, DOGE, and BONK also entered the volume rankings due to recent declines. HOLO, while risky, has captured Turkish investors’ attention, setting it apart from global trends.

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