$ENA â $2 TARGET ON THE RADAR? đđ
Standard Chartered has outlined a potential $2 target for $ENA by the end of 2028, based on its long-term view of Ethenaâs growth.
A few parts of the thesis stand out:
âą đ” Yield-bearing stablecoins could bring more capital into Ethena
âą đŠ Tokenized assets and stock derivatives could expand revenue sources
âą đ Protocol revenue includes ENA buybacks
âą đ USDe supply has reportedly reached $10B
Ethena is also becoming one of the major names in the stablecoin space alongside Tether, Circle and Sky.
The bank has published other long-term crypto targets as well, including:
$ARB â $10
$UNI â $100
$AAVE â $3,500
$MORPHO â $60
$LINK â $200
$SKY â $0.325 by 2028
The bigger picture is the growth of stablecoins, tokenization and on-chain derivatives. If those sectors continue expanding, $ENA could remain an interesting project to watch. đ
NFA. DYOR.
Standard Chartered has outlined a potential $2 target for $ENA by the end of 2028, based on its long-term view of Ethenaâs growth.
A few parts of the thesis stand out:
âą đ” Yield-bearing stablecoins could bring more capital into Ethena
âą đŠ Tokenized assets and stock derivatives could expand revenue sources
âą đ Protocol revenue includes ENA buybacks
âą đ USDe supply has reportedly reached $10B
Ethena is also becoming one of the major names in the stablecoin space alongside Tether, Circle and Sky.
The bank has published other long-term crypto targets as well, including:
$ARB â $10
$UNI â $100
$AAVE â $3,500
$MORPHO â $60
$LINK â $200
$SKY â $0.325 by 2028
The bigger picture is the growth of stablecoins, tokenization and on-chain derivatives. If those sectors continue expanding, $ENA could remain an interesting project to watch. đ
NFA. DYOR.
