Standard Chartered Sets $2 Price Target for Ethereum's Native Token

Standard Chartered continues to show interest in altcoins beyond Bitcoin and Ethereum.

The British banking giant has analyzed Ethereum's native token, $ENA, for the first time and predicted a price of $2 by the end of 2028.

This represents an expected increase of approximately eight times compared to current levels.

Ethena operates at the intersection of perpetual futures, tokenization, and stablecoin sectors, which could support its future use cases and revenue potential, according to Standard Chartered's assessment.

The bank also highlighted Ethereum's $USDe as one of the world's fastest stablecoins to reach a market capitalization of $10 billion.