The cryptocurrency market continues to attract investors with its dynamic growth and evolving opportunities. In this context, Finbold selected two cryptocurrencies with the potential to reach a $50 billion market cap in Q1 2025.
This happens despite Bitcoin (BTC) facing a slight pullback, finding strong support around the $90,000 level, a critical threshold for market sentiment.
However, the broader market reflected its unpredictable nature, with the global cryptocurrency market cap declining 1.8% over the last 24 hours to $3.43 trillion. Despite this short-term pullback, the market has shown consistent strength, building momentum across digital assets.
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This volatile yet promising environment highlights opportunities for standout performers like TRON (TRX) and Sui Network (SUI), which are well-positioned to achieve significant market cap milestones in the months ahead.
TRON (TRX)
Currently trading at $0.24 with a market cap of $20.68 billion, TRX is positioned for significant growth, with projections suggesting it could reach a $50 billion market cap by Q1 2025.
Technical indicators support a bullish outlook, with an ascending channel pattern pointing to a potential price range of $1.65 to $2.20.
This sentiment is reinforced by derivatives data, with a long/short ratio of 2.63 on Binance TRX/USDT pairs, highlighting strong bullish momentum. Open interest currently stands at $197.75 million, coupled with a trading volume of $273.97 million, reflecting active and increasing participation in the derivatives market.
TRON’s dominance in stablecoin transactions further validates its upward trajectory. USDT on TRC-20 has recorded over 22 billion transfers, significantly outpacing Ethereum’s ERC-20 network, which stands at 2.6 billion transfers, according to CryptoQuant.
Low transaction fees and faster confirmation times have solidified TRON as the preferred platform for global stablecoin transfers, with TRC-20 transactions in September alone nearly doubling those on ERC-20.
With growing adoption by exchanges and a thriving ecosystem, TRON is poised to capitalize on these strengths and achieve significant market cap growth in 2025.
Sui Network (SUI)
Currently trading at $4.94 with a market cap of approximately $14.85 billion, Sui has shown remarkable growth, reaching a new all-time high of $5.35 earlier this month.
Its ecosystem growth has been further validated by its inclusion in Grayscale’s GSCPxE Fund, signaling strong institutional interest.
These developments, coupled with a consistent Total Value Locked (TVL) above $1 billion, peaking at $2 billion recently, highlight Sui’s robust activity and growing user engagement.
With a price gain of over 11% since the start of the year, Sui’s bullish trajectory is supported by both its ecosystem expansion and broader market dynamics.
Recent partnerships with major players like Franklin Templeton have significantly boosted its utility, alongside wallet integrations such as Phantom and Backpack that enhance its usability.
These factors position Sui for significant growth, with analysts drawing strong parallels to Solana’s 2021 rally, suggesting Sui could follow a similar upward trajectory in the near future.
These factors collectively position both TRX and SUI as key assets to watch as they edge closer to this significant milestone.
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