Crypto
Standard Chartered Sets Price Target for Ethena's ENA Token
Standard Chartered has set a price target of $2 for Ethena's ENA token by the end of 2028, according to a recent research coverage. This prediction comes after a strong September rally, which saw ENA trade above $0.25.
The bank also forecasts ENA to reach $0.42 by the end of 2026 and $1.10 by the end of 2027.
Standard Chartered's case for Ethena is built around its synthetic dollar stablecoin, USDe, which it expects will reach a supply of about $40 billion by the end of 2028.