On December 25th, cryptocurrency trading activity in Turkey significantly slowed down due to the holiday season. Meanwhile, Bitcoin’s price remains around $98,500, sparking concerns among market participants. The question of which altcoins are drawing attention from Turkish traders remains pertinent.
Trends in Cryptocurrency Preferences in Turkey
To understand Turkish traders' preferences, real-time data from local cryptocurrency exchanges can be analyzed. This can be done through two primary methods: manually tracking exchange volumes or utilizing real-time updates from the 21milyon.com website.
Dominant Altcoins on Local Exchanges
Turkish cryptocurrency enthusiasts are keenly sensitive to market fluctuations, leading to a unique ranking of altcoins that may differ from global trends. An altcoin not recognized globally can suddenly rise to prominence on local platforms due to high volatility. Recent data from 21milyon.com reveals that among Turkish traders, Bitcoin (BTC), Tether (USDT), and PEPE are leading.
Factors Influencing Interest in Certain Altcoins
High volatility fuels significant interest in particular altcoins, impacting their ranking. Recent trends in the Turkish market highlight the dynamic nature of local trading practices, where volatility plays a pivotal role in shaping investor behavior and preferences.
Current observations of Turkish traders' preferences indicate that despite global trends, national markets can demonstrate unique features and respond to specific demands of their participants.
