Standard Chartered forecasts that Ethena's ENA token could rise roughly sevenfold to $2 by the end of 2028, linking the outlook to growth in yield-bearing stablecoins.
Why it matters
The forecast makes expansion of yield-bearing stablecoins a key part of the investment case for ENA. The token's outlook is therefore connected not only to crypto market conditions, but also to demand for this category of stablecoin products.
Market impact
The $2 figure is a bank forecast, not a guaranteed outcome. Whether the thesis holds depends in part on the growth of yield-bearing stablecoins through the end of 2028.
Frequently asked questions
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What price does Standard Chartered forecast for ENA?
Standard Chartered forecasts that ENA could reach $2 by the end of 2028.
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How large is the projected rise for ENA?
The forecast describes a roughly sevenfold rise to $2.
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What is the main driver in Standard Chartered's ENA outlook?
The outlook links ENA's potential gains to growth in yield-bearing stablecoins.
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Why does yield-bearing stablecoin growth matter to Ethena's token outlook?
The forecast makes expansion of yield-bearing stablecoins a central part of the investment case for ENA.
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Is the $2 ENA target guaranteed?
No. It is a bank forecast, and the projected upside depends in part on growth in yield-bearing stablecoins.
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