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No Bs Crypto

Introduction to Morpho

The speaker is bullish on a cryptocurrency project called Morpho, which focuses on lending and borrowing in the DeFi space. Morpho operates on two major ecosystems: Ethereum and Base.

Key Points about Morpho

  • Morpho has a market cap of $460 million and a Total Value Locked (TVL) of $5.4 billion, making it one of the largest market cap to TVL ratios in crypto.
  • The project has gained significant attention and has been backed by large institutions and individual angel investors.
  • Morpho's lending platform allows for customizable lending pools, making it an attractive option for institutional investors.

Comparison with Other Projects

  • Morpho's fees are higher than those of other lending projects, such as Arve and Compound.
  • The project's TVL is larger than that of its host chain, Base.
  • Morpho's market cap is smaller than that of other lending projects, but its fees are more competitive.

Potential Red Flags

  • The project's vesting schedule shows a significant amount of tokens being unlocked in the next 12 months, which could lead to sell pressure.
  • However, the speaker argues that this is not necessarily a red flag, as venture capitalists will not want to kill the token and will likely hold onto their tokens.

Price Predictions

  • The speaker predicts that Morpho's market cap could reach $7.2 billion, with a token price of $24.
  • They also believe that a 20x increase in price is possible, with a token price of $60.

Conclusion

  • The speaker is excited about Morpho's potential and believes it could be a strong contender in the DeFi lending space.
  • They encourage viewers to do their own research and consider the project's fundamentals and on-chain stats before making any investment decisions.