Bitcoin (BTC) broke a new record by rising above $106,000, driven by Donald Trump’s strategic Bitcoin reserve plans and increasing institutional demand. This rise has caused a huge movement in the global crypto market. According to analysts, the two altcoins are gaining strong momentum on their way to reaching a market value of $25 billion. Here are the details:
Sui Network attracts attention with its market value of $13.9 billion. This value supports the potential to reach $25 billion by 2025. SUI has increased by 521% since the beginning of the year and 175% in the last quarter. According to CoinGlass data, derivatives trading volume increased by 69.57% to $2.83 billion. In addition, long position ratios on platforms such as Binance and OKX exceeded 1.4.
The growth of Sui Network’s ecosystem has been one of the main factors supporting its performance. Strong partnerships with Franklin Templeton and Babylon Labs have enhanced the network’s DeFi and Web3 capabilities. Phantom and Backpack wallet integrations have increased user access and accelerated adoption. Analysts are comparing Sui’s price action to Solana’s (SOL) parabolic rally in 2021, which is strengthening the expectation that Sui could make a similar rally in the near term.
Stellar Lumens (XLM)$XLM
Stellar Lumens is another altcoin with a market cap of $12.87 billion that has the potential to reach $25 billion. Weekly chart analysis shows that XLM is close to breaking the long-term downtrend that has been ongoing since 2017. Such breakouts can usually lead to significant price increases. Currently recovering from $0.12, XLM is gaining momentum in favor of the bulls. XLM’s derivative data also supports the bullish trend. Trading volume increased by 68.92% to $643.21 million. In addition, open interest volume increased by 3.52% to $219.44 million. Long position ratios on Binance and OKX platforms are at 2.11 and 1.41 levels, respectively. Having a strong correlation with Ripple (XRP) could be an additional catalyst for XLM.
Sui and Stellar have significant potential to reach $25 billion in market cap with ecosystem growth, strategic partnerships, and increased adoption. However, it is important to note that investors should be careful due to the high volatility inherent in crypto markets. It is emphasized that technical indicators and market trends should be monitored carefully and risks should be managed correctly.