Standard Chartered initiates coverage on Morpho with a 2030 price target of $60.

Coin World News, investment bank Standard Chartered has initiated coverage on Morpho, calling the lending protocol a dual play in decentralized finance (DeFi), combining lending markets with on-chain banking and asset management infrastructure. The bank expects Morpho's target price to be $60 by the end of 2030, implying an upside of about 33 times from its current price. This would see the token outperform Bitcoin (BTC) and Ethereum (ETH) over the same period. At the time of publication, Morpho's price had risen more than 13% in 24 hours, trading at around $2.13. "Given its position as one of the largest DeFi lending protocols and its comfortable financial position (having just raised $175 million in venture capital), we believe Morpho can scale to meet the growing base of assets deployed in DeFi," Standard Chartered's head of digital assets research, Geoff Kendrick, said in a report on Wednesday.
MORPHO12.05%
BTC2.71%
ETH2.36%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • 2
  • Share
Comment
Add a comment
Add a comment
GateUser-e84f640c
· 4h ago
Lending + asset management dual-wheel drive, this Morpho model is indeed more interesting than pure AMM, but 2030 is too far away, let's see $10 first.
View OriginalReply0
ForkInTheRoadmap
· 4h ago
Geoff Kendrick personally stepped in to make a call. Institutional endorsement makes a difference. Is 24 hours and 13% just the beginning?
View OriginalReply0
CandleAfterTheRain
· 4h ago
$60 target price? Don't FOMO just yet. DeFi protocol valuations have always been mystical. As for the claim that it can outperform BTC/ETH, I have my reservations.
View OriginalReply0
DaoScraps
· 4h ago
Standard Chartered's coverage this time is impressive. A 33x upside sounds scary, but Morpho's fundamentals are solid—$175 million in funding, and the on-chain banking narrative is strong enough.
View OriginalReply0
WorkWithYouStudio
· 4h ago
Just go for it and it's done 👊
View OriginalReply0
  • Pinned