Standard Chartered Forecasts Ethena's Token Will Hit $2 by End of 2028 on Buybacks
The bank said Ethena could gain as tokenized assets and yield-bearing stablecoins expand, with ENA trading about 87% below the target.
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Cryptocurrency News | Cryptocurrency Prices | Market CapCan Ethena price reach $2 by 2028?
Standard Chartered has initiated coverage of Ethena’s ENA token with a $2 price target for the end of 2028, putting the bank’s first published valuation at roughly eight times the token’s current market price. Standard Chartered Global Research said on…
Standard Chartered started ENA coverage with a target of USD $2 by the end of 2028, supported by USDe growth and a buy-back mechanism. The projection depends on Etena expanding its sources of yield and increasing demand for stablecoins with performance, although the bank also identifies risks of adoption and growth of tokenized assets.
British banking giant Standard Chartered has announced a long-term bullish outlook for Ethereum's ENA token. The bank believes that demand for stablecoins and the migration of financial assets to the blockchain could boost the project.
British banking giant Standard Chartered continues to focus on altcoins with upside potential besides Bitcoin and Ethereum. One of these altcoins is Ethena, a synthetic dollar protocol built on Ethereum. Accordingly, Standard Chartered analyzed the stablecoin issuer Ethena (ENA) for the first time and predicted a price of $2. A Noteworthy Price Target for ENA! […] Source: Bitcoinsistemi.com
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