Standard Chartered is projecting a major rally for Ethena ($ENA), forecasting the token could hit $2 by 2028—up roughly sevenfold from its current $0.28 level.
According to the bank's thesis, ENA could reach $0.42 by late 2026 and $1.10 in 2027 before picking up speed. If realized, this trajectory would outperform the bank's projected returns for both Bitcoin and Ethereum over the same period.
However, hitting this target requires Ethena to dramatically scale its USDe synthetic stablecoin from its current $4.9 billion supply to $40 billion by 2028. Following a drop in crypto funding rates, Ethena is expanding beyond its original delta-neutral trade into DeFi lending, real-world assets, and equities to rebuild yield.
For traders, this highlights a key metric: $ENA’s long-term upside depends heavily on whether protocol revenue and supply growth can successfully rebound in a changing yield environment.
Is a $40B USDe supply realistic by 2028, or will yield compression hold Ethena back?
#Ethena #ENA #CryptoNews #altcoins
$MOVR
$STX
$ENA
According to the bank's thesis, ENA could reach $0.42 by late 2026 and $1.10 in 2027 before picking up speed. If realized, this trajectory would outperform the bank's projected returns for both Bitcoin and Ethereum over the same period.
However, hitting this target requires Ethena to dramatically scale its USDe synthetic stablecoin from its current $4.9 billion supply to $40 billion by 2028. Following a drop in crypto funding rates, Ethena is expanding beyond its original delta-neutral trade into DeFi lending, real-world assets, and equities to rebuild yield.
For traders, this highlights a key metric: $ENA’s long-term upside depends heavily on whether protocol revenue and supply growth can successfully rebound in a changing yield environment.
Is a $40B USDe supply realistic by 2028, or will yield compression hold Ethena back?
#Ethena #ENA #CryptoNews #altcoins
$MOVR
$STX
$ENA