Standard Chartered, which has recently been making bullish predictions for various altcoins beyond 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 MORPHO, the token of its DeFi lending protocol Morpho, could reach $60 by the end of 2030.
This represents a potential increase of approximately 33 times the current price.
The bank cites Morpho Vaults and DeFi lending expansion as the key drivers of the projected valuation increase.
Following this news, the price of MORPHO experienced a huge jump.
In addition to MORPHO, Standard Chartered recently issued a bullish forecast for the crypto lending protocol Aave (AAVE). According to this forecast, the bank predicts that the price of AAVE could reach $3,500 by 2030.
