Following a decisive victory for the Republicans, the cryptocurrency market has surged sharply: on November 12, Bitcoin reached a new all-time high of over $90,030, providing a fresh impetus to the market.
Amidst this rise, two promising altcoins, Chainlink and Sui, stand out with their potential to reach a market capitalization of $10 billion by the end of the year.
Both tokens are supported by unique growth drivers and increasing institutional interest, making them strong contenders to achieve this significant valuation milestone.
Sui (SUI)
The Sui ecosystem is rapidly expanding, with its total value locked (TVL) reaching an all-time high of $1.41 billion. This reflects the growing trust and activity of users within the Sui network, positioning it as a formidable player in the DeFi market.
Currently, SUI's market capitalization has reached $8.83 billion, bringing it closer to the $10 billion mark.
This recent surge in value is driven by strategic partnerships and ecosystem growth. For instance, the announcement of MemeFi as the first Telegram mini-app collaborating with SUI is boosting network activity.