3. Crypto Money Reached 11 Digit Market Value

Tether became the third cryptocurrency that reached 11-digit market value after Bitcoin and Etherium. Known as the cryptocurrency market data collector, Messari reported that Tether, one of the leading cryptocurrencies, has exceeded $ 10 billion. When analyzed at the current prices, Tether was registered as the third cryptocurrency for the first time in its history, except for Bitcoin and Etherium, whose market value reached 11 digits. Tether, which has increased 144 percent this year, had only $ 4.1 billion in market value in early 2020. With this data, the figures given by the data collectors about Tether's market value contradict each other. CoinGecko and CoinMarketCap's estimate is that Tether's market value is slightly above $ 9 billion. Circle's dollar coin "USDC", known as the second largest stablecoin compared to market value, has also increased by three digits since the beginning of January of 2020. The USDC, which has been steadily increasing since October 2018, is now the 18th largest cryptocurrency and its value is around $ 930 million.