Key factors that will influence whether $MORPHO hits higher or lower end of these ranges ๐๐
๐๐ฐ Revenue capture / fee switch activation: If #Morpho protocol begins capturing meaningful fees (instead of zero or minimal revenue), that supports token value. ๐โจ
Token buy-back or burn mechanism: ๐โกReduction in circulating supply or active buy-back would shift token dynamics positively.
TVL growth, market expansion & chain integrations: ๐พ๐ณ Adoption across new chains, deep vault usage, and strong metrics bolster fundamentals. ๐ฅ๐
@Morpho Labs ๐ฆ #Morpho $MORPHO
Token supply/vesting schedule: Large unlocks or high inflation could press price lower; conversely, supply control helps.
Broader crypto market cycle: MORPHO is in the DeFi infrastructure space โ it will likely benefit in a bull market and suffer in bear.