🚀 ENA FOR $2? Standard Chartered issued an ambitious forecast!
🔥 Standard Chartered analyst Jeff Kendrick expects that Ethena ($ENA ) could reach $2 by the end of 2028. At a price around $0.25, this implies potential growth of roughly 700%.
📊 What’s behind this forecast?
💵 USDe to $40 billion. The bank is counting on a large-scale expansion of Ethena’s synthetic dollar stablecoin.
🔥 ENA buyback. After reaching a $7.5 billion USDe supply, the program provides for directing 95% of net proceeds from the relevant business lines to repurchase tokens.
🏦 New revenue sources. Lending to institutional clients and the development of tokenized assets could expand the protocol’s business.
⚠️ But there’s a catch: the forecast doesn’t guarantee growth. If USDe doesn’t reach the expected scale, revenues may come in below projections, or the market could turn—meaning the $2 scenario may not materialize.
🎯 My take: keep an eye on ENA. There’s a concrete long-term idea here that you can validate by tracking USDe growth, revenues, and actual token buybacks.
🔥 What do you think: will ENA really see $2, or is this too optimistic? Comment below!$ENA
#ENA #BinanceSquare
🔥 Standard Chartered analyst Jeff Kendrick expects that Ethena ($ENA ) could reach $2 by the end of 2028. At a price around $0.25, this implies potential growth of roughly 700%.
📊 What’s behind this forecast?
💵 USDe to $40 billion. The bank is counting on a large-scale expansion of Ethena’s synthetic dollar stablecoin.
🔥 ENA buyback. After reaching a $7.5 billion USDe supply, the program provides for directing 95% of net proceeds from the relevant business lines to repurchase tokens.
🏦 New revenue sources. Lending to institutional clients and the development of tokenized assets could expand the protocol’s business.
⚠️ But there’s a catch: the forecast doesn’t guarantee growth. If USDe doesn’t reach the expected scale, revenues may come in below projections, or the market could turn—meaning the $2 scenario may not materialize.
🎯 My take: keep an eye on ENA. There’s a concrete long-term idea here that you can validate by tracking USDe growth, revenues, and actual token buybacks.
🔥 What do you think: will ENA really see $2, or is this too optimistic? Comment below!$ENA
#ENA #BinanceSquare
