Turkish investors shift to altcoins amid year-end trends

On December 25, cryptocurrency trading activity in Turkey saw reduced volumes due to the year-end holiday season, with Bitcoin (CRYPTO:BTC) hovering around $98,500.

Despite Bitcoin's relative stability, its failure to consistently close above six-digit prices has led many investors to shift their focus to alternative cryptocurrencies (altcoins).

Turkish traders are known for their keen interest in highly volatile assets, often diverging from global volume trends to seek opportunities in lesser-known altcoins.

Real-time volume data from local exchanges provides a clear picture of Turkish investors' preferences and trading habits.

21milyon.com, a platform aggregating live data from all local Turkish exchanges, has become a popular resource for tracking trading volumes and altcoin rankings in Turkey.

This platform allows users to avoid the time-consuming process of visiting individual exchanges to gather volume data, offering consolidated insights instead.

At present, Bitcoin, Tether (CRYPTO:USDT), and Pepe (CRYPTO:PEPE) lead the trading volume rankings on Turkish exchanges, reflecting strong local interest in these assets.

Ripple (CRYPTO:XRP) has recently gained traction among Turkish investors, likely driven by its increased volatility and potential for short-term gains.

The altcoin LPT has also entered the top 10 in local rankings, demonstrating the unique preferences of Turkish investors compared to global markets.

According to data from 21milyon.com, the trading volume across Turkish exchanges has exceeded 19 billion TL, highlighting significant market activity even during the holiday slowdown.

Turkish cryptocurrency investors are especially responsive to market volatility, often gravitating toward assets that exhibit rapid price fluctuations.

This sensitivity to volatility results in local rankings that frequently differ from global trends, with some altcoins gaining prominence in Turkey despite being outside the global top 100.