The rise of Bitcoin, which breaks records day by day, makes other crypto money more valuable. At present, the total market value of crypto money has surpassed US $ 0.5 trillion, reaching US $ 511 billion.
Bitcoin, which is a thousand dollars at the beginning of 2017, has risen to 16 thousand dollars today. Bitcoin, which is worth about 1500% in a year, increases the interest of other crypto paralas. This interest raises the value of other digital money as well.
According to CoinMarketCap, which is one of the sites that measure the market value of digital currencies , Ripple, which ranks fourth behind Bitcoin in terms of market value, is trading at 0.56 USD with a rise of 52%.
Ripple, which entered the market in 2012, is seen as the successor to Bitcoin according to New York Times experts. Ripple has been used by many banks as a payment and money transfer system.
Bitcoin's other rival, Litecoin, has gained about 333% in the past week and is now trading at $ 304.
IOTA has increased its market value to 12 billion dollars by increasing its value by approximately 774% since the beginning of November. Using a different system called Tangle, IOTA collaborates with companies such as Microsoft and Fujitsu to develop themselves in the 'internet of objects' field.
According to CoinMarketCap, there are 1353 crypto currencies. The current market value of 1051 currencies, traded at various prices and included in Bitcoin, is half a trillion dollars.
Chicago-based CME Group, which is defined as the world's largest foreign exchange market operator in terms of market value, announced the start of Bitcoin futures at the beginning of November, causing an increase in the value of the digital currency. Still, the Chicago-based CBOE stock exchange's bid-to-market transactions for Bitcoin have increased Bitcoin's value by about 17%. For this reason, other crypto money values are thought to be influenced by this rise.
