Which Crypto Assets Do Turks Prefer?
Looking at the results of the research, it is revealed that the investors in our country use 2 types of trading platforms. The first of these platforms is local cryptocurrency exchanges based in Turkey, while the second is global centralized and decentralized exchanges. When we look at the crypto assets preferred by Turkish investors, they are also divided into two. While some memes show interest in tokens, others show interest in high-risk and high-yielding tokens. If you remember, Dogecoin and Shiba Inu were constantly on Twitter’s TT list last year. Based on this, it can be said that we prefer options that can earn money quickly and easily. There are also plenty of zero tokens. We also like these high zero tokens for their speculative movements. In fact, many of our investors share the dream that cryptocurrencies with lots of zeros will go to 1 dollar.
Although it is variable when we look at Coinmarketcap data, Binance TR is the most preferred and volume-producing exchange in our country. We can say that the stock market has reached a daily volume of 3.8 billion TL. When we take a look at the most traded crypto assets, we see that Bitcoin is in the first place. When we look at the second row, we encounter an interesting data. Terra Classic is the second most traded crypto asset by Turkish investors. Many of you know the events in Terra, we have mentioned in our previous videos. There are still ongoing investigations after the collapse of Terra. As we can see from here, we can say that there are many investors who like to take risks. According to the data published by 21milyon.com, Quant is among the top 10 most invested cryptocurrencies. On the other hand, Turkish investors see this asset as a safe haven, as Quant returns well in the bear market.
What Are the Preferences of Global Investors?
If we take a look at the most popular altcoins in global cryptocurrency exchanges, Bitcoin, Ethereum and Tether are at the top of the list of 10 assets. Then there are USD coin, XRP, Solana, BNB, Cardano and Polygon. What draws our attention the most here is that assets such as Terra Classic and Quant are not included in this list. It is clear that global investors do not like risk as much as we do.
