The native token of the Sui blockchain, SUI, has experienced significant growth in recent months, reaching a new all-time high of $4.91. This marks a 38% gain in December and builds on a 76% rise in November. Fibonacci retracement levels suggest that SUI could target $7.66 if the broader bull market continues into 2025. The recent integration with Backpack, a crypto exchange and wallet platform, is expected to drive further upside for SUI. The partnership simplifies asset management and trading, providing Backpack users with access to Sui's network. Sui's total value locked has also reached a new all-time high of $1.835 billion, driven by its decentralized finance protocols. The growth in TVL and trading volumes demonstrates increasing trust in the network, attracting more participants and boosting SUI's utility. These positive metrics could contribute to further price growth as 2025 approaches.



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