Turkish crypto investors play a substantial role in global cryptocurrency markets, maintaining high activity levels even during downtrends. Local exchange volumes have exceeded 9 billion TL today, despite it being both a Sunday and a holiday, reflecting significant liquidity strength in TRY pairs worldwide. This raises the question: which altcoins are Turkish crypto enthusiasts trading the most on holidays?
High Liquidity in Turkey
Turkey boasts a dense population of crypto investors, with strong trading volumes that confirm the increasing presence of TRY pairs on international exchanges. On Eid al-Adha, for instance, local exchange volumes surpassed 9 billion TL. When Turkish investors’ activity on global platforms is factored in, the liquidity becomes even more pronounced. Turkish investors often favor speculative altcoins, meme coins, or newly listed assets, which frequently top the trading volume charts.
Top Cryptocurrencies for Turkish Investors
Using 21milyon.com, traders can monitor data from all local exchanges in real-time, identifying which altcoins are garnering the most attention. The platform also shows which exchanges list specific altcoins and where the highest volumes are, enabling traders to minimize price deviation by selecting the most accurate exchange. This free service functions similarly to Turkey’s version of CoinMarketCap.
Key Insights for Traders
– Bitcoin and Tether (USDT) maintain top positions in trading volumes.
– Tether’s volume exceeds 1 billion TL due to Lira fluctuations, and its price volatility against TRY is higher than Bitcoin’s.
– Ethereum and PEPE Coin also see significant trading activity among Turkish investors.
– ROSE INU Token, a lesser-known altcoin globally, has gained popularity, likely due to local influencer promotion.
Given these insights, traders can make informed decisions to optimize their trading strategies on local and global exchanges.
In conclusion, Turkish crypto investors not only dominate local trading volumes but also contribute significantly to global liquidity, favoring a mix of established cryptocurrencies and speculative altcoins. By utilizing platforms like 21milyon.com, traders can stay ahead of market trends and make strategic trading decisions.