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indicate the hypothetical evolutionary relationship between two species of their DNA sequences share a 98 percent similarity

User AFHood
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Answer:

his means that we are virtually certain to share a common ancestor at some point in our evolutionary history. Although this 2 percent difference can manifest itself as huge phenotypical differences between species (such as between humans and chimpanzees), it indicates that our species diverged relatively recently on the evolutionary timeline.

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User Thomas Jaeger
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This means that we are virtually certain to share a common ancestor at some point in our evolutionary history. Although this 2 percent difference can manifest itself as huge phenotypical differences between species (such as between humans and chimpanzees), it indicates that our species diverged relatively recently on the evolutionary timeline. 
User Uncommon
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