$MORPHO is trading around $2.62 today after a small drop from recent highs near $2.82.
The protocol now has over $10.6 billion locked. It recently started allowing loans against tokenized stocks such as Apple and Nvidia. Circle has also chosen Morpho for its new network. Institutional interest is growing.
For long-term investors who believe in DeFi lending, the current level looks reasonable. Short-term price can still move up and down.
Possible upside: $3.20–$3.50 in the near term, and a return toward the previous high of $4.17 if growth continues.
$MORPHO
The protocol now has over $10.6 billion locked. It recently started allowing loans against tokenized stocks such as Apple and Nvidia. Circle has also chosen Morpho for its new network. Institutional interest is growing.
For long-term investors who believe in DeFi lending, the current level looks reasonable. Short-term price can still move up and down.
Possible upside: $3.20–$3.50 in the near term, and a return toward the previous high of $4.17 if growth continues.
$MORPHO