Does MORPHO have potential next?
The total locked value (TVL) of Morpho has reached 1.4 billion dollars, with a borrowing amount of over 880 million dollars, and total financing has reached 68 million dollars. Currently, the most well-known project in the DeFi lending space is aave, which once reached 688 dollars, and MORPHO is here to compete for aave's market share. If you hold MORPHO and are currently in a loss, I can tell you not to panic; it is expected to reach between 2 to 4 dollars in the short term, and subsequently breaking new highs of 5 dollars is also not a problem. Personally, I believe it is a potential coin for long-term holding, and conservatively, it could reach above 10 dollars in the future.
Overall, the cryptocurrency market is not very enthusiastic about DeFi, but with the interest rate cuts taking effect, the community has rekindled confidence in "DeFi's resurgence," and as one of the three driving forces of DeFi development, the future of decentralized lending is highly anticipated.
