Turkish cryptocurrency investors occasionally deviate from global market trends and show great interest in assets with high volatility. This situation causes meme coins in particular to regularly be among the popular assets in the local market. In addition, the transaction frequency and buying-selling habits of Turkish investors shape the volume distribution in the market quite differently.
Altcoins that get less attention in global cryptocurrency markets can reach significant volumes on Turkish exchanges. For example, assets such as LUNC and CEEK are not prominent on international exchanges, but they are very actively traded on local exchanges. Investors can access instant volume rankings on local exchanges through platforms such as 21milyon.com. These platforms allow users to follow the most popular altcoins and see which exchanges are more active.
When investors want to convert their cryptocurrencies into cash by transferring them to local exchanges, such information plays a critical role. Especially in pairs with high trading volumes, it is possible to trade without causing price shifts. Especially in periods when the TL fluctuates, analyzing pairs such as USDT/TRY becomes important.
Among the popular cryptocurrencies recently, USDT is always at the top. Stablecoins maintain their positions by constantly attracting high volumes during market declines or major increases. Apart from this, Bitcoin (BTC) is often at the top according to the market trend, but volumes can fluctuate during declines. For example, it generates a volume of 2.2 billion TL during a period when BTC lost 6% of its value.
Altcoins such as XRP, DOGE and BONK also attract attention in downtrends. HOLO, which is frequently preferred by Turkish investors, is seen as a very risky asset, even though it exhibits different movements against global trends. Markets where Turkish investors show high transaction volume have a significant impact on determining the value of such altcoins.
The interest of Turkish investors in cryptocurrencies increases the mobility of local markets and ensures that certain altcoins attract more attention on global exchanges. In this process, it is of great importance for users to analyze market dynamics correctly and make informed decisions.
