There was a general drop in the Bitcoin and altcoin markets throughout the week. However, Turkish investors continue to keep cryptocurrencies on the agenda, and coins like Voyager (VGX) are among the most in demand this week. The altcoin projects preferred by Turkish investors and with the highest transaction volume are as follows.
Bitcoin tests two-month lows
The cryptocurrency market is wrapping up a rough week as the Bank of Silicon Valley (SVB) has collapsed and its effects are spreading to US banks. SVB was a bank that provided financial services to tech companies and was in close contact with major crypto companies like Circle. The collapse of the SVB, combined with the previous bankrupt bank Silvergate, had devastating consequences for prices. Market giants like BTC and ETH hit double-digit losses at one point:
- Bitcoin (BTC): -15.23%
- Ethereum (ETH): -16.87%
- Binance Coin (BNB): -20.41%
- Solana (LEFT): -23.09%
- Cardano (ADA): -18.4%
- XRP (XRP): -21.33%
- Polkadot (DOT): -17.12%
- Dogecoin (DOGE): -19.94%
- Avalanche (AVAX): -22.56%
- Terra (LUNA): -20.71%
Turkish crypto investors collect these altcoins in decline
In the continuation of the article, let’s take a look at the most in-demand altcoins among Turkish investors this week. According to Coinecko data, the total value of the market lost $1 trillion, while the most popular cryptocurrencies for Turkish investors were:
- Gelato
- Voyager Token (VGX)
- Pi Network (PI)
- Platypus Finance (PTP)
- SingularityNET (AGIX)
- Qredo (QRDO)
- ZigZag (ZZ)
- Ankr (ANKR)
- Baby Doge Coin
- Floki Inu (FLOKI)
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