Ethena's ENA token surged 4.76% over the last 25 hours, driven by several bullish factors.
Standard Chartered initiated coverage on ENA with price targets of $0.42 for end-2026 and $2.00 for end-2028, representing a 7x move from recent levels.
The bank expects ENA to outperform Bitcoin and Ethereum over the coming cycle, despite projecting BTC at $300,000 and ETH at $18,000 by 2028.
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