Standard Chartered attributes the potential price target to the growing convergence of decentralized and traditional finance, as well as the rising demand for yield-bearing stablecoins. The $2 price target would represent a roughly 7x increase from the token's current value by the end of the forecast period.
Tuesday, October 20, 2026
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Standard Chartered Forecasts ENA at $2 by End 2028
Crypto21 days ago
The research arm of Standard Chartered began coverage of the crypto project Ethena on Sept 30. The bank forecasts the ENA token will reach $2 by the end of 2028, driven by a projected expansion of the USDe stablecoin supply from $4.9B to $40B. This growth, representing an approximately 8x increase in stablecoin circulation, is expected as Ethena diversifies the assets backing its yield generation.
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