Turkey, with its millions of cryptocurrency enthusiasts, is on the verge of introducing local regulations for the crypto market. Despite the bearish trends, Turkish investors continue to actively trade, as seen by the increasing number of Turkish Lira trading pairs on platforms like Binance. A key question is which altcoins are capturing the interest of these investors.
Identifying Trending Altcoins in Turkey
While traditional stalwarts like USDT and BTC remain popular for their lower risk and short-term profit potential, Turkish investors also show enthusiasm for trending projects. Preferences for altcoins vary over time and differ from global trends, highlighting a unique Turkish market dynamic.
Investors can gauge this local interest by monitoring order books on Turkish exchanges or by using aggregation websites like 21milyon.com, which provides comprehensive data on altcoin availability, pricing, and exchange details, along with a news feed for the latest updates.
Recent data from 21milyon.com shows that the combined volume of local exchanges amounts to approximately $378.5 million (11.5 billion TL), with Tether and Bitcoin leading the pack. Altcoins like API3 have seen a surge in interest locally despite not generating significant global volumes, followed by SOL Coin, which has demonstrated resilience with quick recoveries from price dips.
The list of popular altcoins among Turkish investors is continuously updated on 21milyon.com, providing real-time insights into the evolving preferences of Turkey’s crypto market participants.