Standard Chartered, which recently made bullish predictions for several altcoins outside of Bitcoin and Ethereum, today made another bullish prediction for a new altcoin.
According to The Block, British banking giant Standard Chartered has included Morpho in its latest report.
Accordingly, Standard Chartered predicts that the price of $MORPHOthe mark of its DeFi lending protocol Morpho, could reach $60 by the end of 2030.
This represents a potential upside of approximately 33 times the current price.
The bank cites the expansion of Morpho Vaults and DeFi lending as the main drivers of the expected valuation increase.
After this news, the price of $MORPHO made a huge leap.
Next to $MORPHOStandard Chartered recently issued a bullish forecast for crypto lending protocol Aave ($AAVE). According to this prediction, the bank predicts that the price of $AAVE could reach $3,500 by 2030.
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*This is not investment advice.