The cryptocurrency market continues to oscillate back and forth. The leading cryptocurrency Bitcoin (BTC) failed to break the psychological resistance level of $ 20 thousand. Leading altcoin Ethereum (ETH) is stuck at $1,300 as the hype of its big upgrade Merge fades. When the big cryptocurrencies are in place, investors are chasing projects that will make them rich in a short time.
Turks are searching for these altcoins as Bitcoin crashes
Turkey has an important position in the global cryptocurrency market. Cryptocurrency data aggregator CoinGecko shared the most sought-after altcoins in Turkey. The crypto money market, especially Bitcoin, is quite bleak. When this is the case, crypto players are looking for alternatives. Therefore, Terra Luna Classic (LUNC), the token of the Terra ecosystem, which ranks first in the list, draws attention.
cryptocoin.comAs you follow, the Terra ecosystem collapsed dramatically as stablecoin UST lost its peg. However, it later went through a hard fork restructuring. The original Terra Blockchain has been rebranded as Terra Classic. Its token is named LUNA Classic (LUNC). LUNC attracted attention with the rally it started last week. It’s no surprise that it ranks first in CoinGecko searches. Because most players in the market dream of getting rich in a short time. For this reason, he pursues projects that he believes will explode. At press time, LUNC was trading at $0.0003036, down 0.2% on a daily basis.
Second on the list is a familiar altcoin. EthereumPoW (ETHW), an Ethereum fork, has also attracted the attention of Turkish crypto players. As you know, the leading altcoin Ethereum has successfully completed its last major upgrade, Merge. Thus, it transitioned from the Proof-of-Work (PoW) consensus to the Proof-of-Stake (PoS) mechanism. With this exchange, a new EthereumPoW token was created. This token attracts investors. However, ETHW is on a bearish trajectory after its initial bounce. At press time, ETHW was trading at $10.85, down 8.5% on a daily basis.
STEPN (GMT), an altcoin loved by Turks, occupies the third place of the list. STEPN is a distinctive Web3 lifestyle app with GameFi elements on the Solana Blockchain. It combines the features of the Play-to-Earn game with a fitness app. This way it creates a new category called Move-to-Earn. Users purchase NFT sneakers that they can use to earn in-game cash while walking or running. At press time, GMT was changing hands at $0.640482, losing 0.2% on a daily basis.
Other altcoins on the list
The continuation of the list is CEEK Smart VR (CEEK), TerraClassicUSD (USTC), Sweat Economy (SWEAT), Vita Inu (VINU), Bone ShibaSwap (BONE), Kadena (KDA), Hacken Token (HAI).
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