$ENA — $2 TARGET ON THE RADAR? 👀🚀
Standard Chartered has outlined a potential $2 target for $ENA by the end of 2028, based on its long-term view of Ethena’s growth.
A few parts of the thesis stand out:
• 💵 Yield-bearing stablecoins could bring more capital into Ethena
• 🏦 Tokenized assets and stock derivatives could expand revenue sources
• 🔄 Protocol revenue includes ENA buybacks
• 📈 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 → $10
$UNI → $100
$AAVE → $3,500
$MORPHO → $60
$LINK → $200
$SKY → $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. 👀
NFA. DYOR.
Standard Chartered has outlined a potential $2 target for $ENA by the end of 2028, based on its long-term view of Ethena’s growth.
A few parts of the thesis stand out:
• 💵 Yield-bearing stablecoins could bring more capital into Ethena
• 🏦 Tokenized assets and stock derivatives could expand revenue sources
• 🔄 Protocol revenue includes ENA buybacks
• 📈 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 → $10
$UNI → $100
$AAVE → $3,500
$MORPHO → $60
$LINK → $200
$SKY → $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. 👀
NFA. DYOR.
