The Bitcoin and altcoin market saw an increase in interest and activity during the week of July 15-21. Investors from Turkey and around the world closely followed the developments regarding various crypto assets on CoinGecko, an industry-leading crypto currency data aggregator. Let’s take a closer look at the trend coins that have received great attention and investment during this period. Here are the details…
Turkish investors mostly viewed these altcoins
CoinGecko’s cryptocoin.com XRP, the crypto asset associated with Ripple Labs, has been at the forefront of discussions and searches throughout the specified week. Despite facing regulatory challenges in the past, its usefulness in cross-border transactions has continued to attract investors. Also, Ripple’s partial victory over the SEC last week resulted in a surge in the coin’s price. This has caused investors in Turkey to watch XRP.
On the other hand, EthereumPoW, a variant of the Ethereum Blockchain that uses the traditional Proof-of-Work (PoW) consensus mechanism, is also of interest. While Ethereum itself has transitioned to Proof-of-Stake (PoS), EthereumPoW offers a different approach that has attracted some investors. His performance during this period likely contributed to his growing popularity. Third, as the pioneer of the cryptocurrency space, Bitcoin has consistently remained a focus for investors around the world. Despite its relative maturity compared to other cryptoassets, the underlying technology and the ongoing rhetoric of digital gold continued to attract investors.
Meme coins are also in focus
Named after the iconic internet meme, Pepe’s popularity has skyrocketed in recent months. The integration of meme culture and Blockchain technology has proven to be an attractive proposition for many investors. On the other hand, inspired by the popular dog-themed meme coin, the Shiba Inu has become a major player in the cryptocurrency market. Its vibrant community and continuous marketing campaigns have increased interest in the project. However, as with all meme-based cryptocurrencies, potential investors are advised to be cautious and do extensive research.
Kaspa, a relatively lesser-known cryptocurrency, has recently received increased attention. In addition, Keep Network also caught the attention of investors. Synthetix Network has established itself as the leading decentralized platform for synthetic assets. Its impressive growth and innovative approach have made it the top choice for DeFi enthusiasts. Finally, Terra Luna Classic, an offshoot of Terra Luna, continues to attract interest among investors. As a Blockchain platform aimed at facilitating stablecoins and DeFi applications, its potential to disrupt traditional finance has garnered a lot of attention.
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