{"id":618944,"date":"2025-01-17T13:05:04","date_gmt":"2025-01-17T13:05:04","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=618944"},"modified":"2025-01-17T13:05:04","modified_gmt":"2025-01-17T13:05:04","slug":"is-it-too-late-to-buy-morpho-morpho-price-soars-38-and-this-might-be-the-next-crypto-to-explode","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/is-it-too-late-to-buy-morpho-morpho-price-soars-38-and-this-might-be-the-next-crypto-to-explode","title":{"rendered":"Is It Too Late To Buy MORPHO? Morpho Price Soars 38% And This Might Be The Next Crypto To Explode"},"content":{"rendered":"
The Morpho price skyrocketed 38% in the last 24 hours to trade at $4.06 as of 2.15 a.m. EST on trading volume that soared 168% to $211.4 million.<\/p>\n
Morpho’s price finally started to recover on Jan. 15 after previously descending slowly for about ten days. The project encountered a strong resistance at $3.05 which caused it to slowly drop, starting on Jan. 5. It then fell to $2.34 by Jan. 13.<\/p>\n
However, after stabilizing at this price, the crypto’s price started growing rapidly over the last two days, reaching $3 yesterday, and then skyrocketing to $4.11 only a few hours ago. A major influence was likely a recent announcement that Coinbase launched crypto-backed loans powered by Morpho in its main app, which represents the largest-scale DeFi integration ever, according to Morpho Labs’ co-founder and CEO, Paul Frambot.<\/p>\n
\nCoinbase launches crypto-backed loans powered by Morpho in its main app!<\/p>\n
This is the largest-scale DeFi integration ever, with far-reaching implications for the future of DeFi, Crypto, and the entire financial industry.<\/p>\n
👇 https:\/\/t.co\/42Ktd30SPh<\/a><\/p>\n
— Paul Frambot | Morpho (@PaulFrambot) January 16, 2025<\/a><\/p><\/blockquote>\n