$ENA to $2? Standard Chartered sees almost 8x upside 🚀 Standard Chartered analyst Geoff Kendrick expects Ethena's token to hit $2 by the end of 2028. At the time of the forecast, $ENA was trading around $0.25. His case rests on three things: 🔹 USDe growth: Ethena's stablecoin supply is expected to rise from $4.9B to $40B, roughly 8x. 🔹 ENA buybacks: once USDe passes $7.5B, 95% of the protocol's net revenue is set to go toward buying back ENA. 🔹 New revenue streams: Ethena is expanding into institutional lending through FalconX. The logic is simple: more USDe means more revenue, and more revenue means more buybacks. The big question is whether USDe can really grow that much in two years. Do you buy the $2 target or is it too optimistic? 👇 #ENA #Altcoin Season#