Standard Chartered Sets $2 Price Target for ENA, Forecasts USDe Will Hit $40 Billion by 2028
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· body · New information from a source
Standard Chartered initiated coverage of ENA with a $2 price target for the end of 2028, according to The Block.The forecast assumes USDe, Ethena's stablecoin, scales to $40 billion and Ethena's token buyback program reshapes the token's value, The Defiant reported.Ethena's buyback triggers when USDe reaches $7.5 billion; the stablecoin currently sits at $4.9 billion.- Standard Chartered has initiated coverage on Ethena's ENA token with a price target of $2 by the end of 2028, according to The Defiant and The Block.
- The bank's forecast implies upside of over 600% for the token, according to The Block.
- The price target is tied to projected growth in Ethena's synthetic dollar stablecoin, USDe, which Standard Chartered expects to expand roughly eightfold to $40 billion by 2028, according to The Block and Cointelegraph.
- USDe currently stands at $4.9 billion, according to The Defiant.
- Central to the bank's thesis is Ethena's token buyback program, which is set to switch on once USDe supply reaches $7.5 billion, according to The Defiant.
- Standard Chartered expects the buybacks to intensify as USDe scales, reshaping ENA's value proposition, according to The Block and Cointelegraph.
· summary · New information from a source
Standard Chartered projects ENA will reach $2 by end-2028, implying over 600% upside from current levels, as Ethena's buyback program activates.- Standard Chartered initiated coverage on ENA with a $2 price target by 2028, citing Ethena's stablecoin USDe scaling from $4.9 billion to $40 billion.
· headline · New information from a source
Standard Chartered forecasts ENA to $2 by end-2028 as Ethena buybacks accelerate- Standard Chartered Sets $2 Price Target for ENA, Forecasts USDe Will Hit $40 Billion by 2028
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Standard Chartered has initiated coverage on Ethena’s ENA token with a price target of Standard Chartered forecasts ENA will reach $2 by the end of 2028 as USDe scales eightfold and buybacks reshape the token's value.
by the end of 2028, according to The Defiant and The Block. The bank’s forecast implies upside of over Standard Chartered sees over 600% upside for ENA, expects USDe to hit $40 billion by 2028.
for the token, according to The Block.
The price target is tied to projected growth in Ethena’s synthetic dollar stablecoin, USDe, which Standard Chartered expects to expand roughly eightfold to Standard Chartered sees over 600% upside for ENA, expects USDe to hit $40 billion by 2028.
by 2028, according to The Block and Cointelegraph. USDe currently stands at The buyback switches on when USDe supply reaches $7.5 billion; USDe sits at $4.9 billion.
, according to The Defiant.
Central to the bank’s thesis is Ethena’s token buyback program, which is set to switch on once USDe supply reaches The buyback switches on when USDe supply reaches $7.5 billion; USDe sits at $4.9 billion.
, according to The Defiant. Standard Chartered expects the buybacks to intensify as USDe scales, reshaping ENA’s value proposition, according to The Block and Cointelegraph.
The coverage marks a notable endorsement from a traditional bank for a decentralized finance protocol built around a synthetic dollar product, with Standard Chartered betting that stablecoin growth and mechanical token buybacks will drive ENA’s price higher over the multi-year window, according to the three outlets.
Sources: The Block, The Defiant, Cointelegraph
This article is for information only and is not financial advice.
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Story so far 2 updates
- digestStandard Chartered forecasts ENA to $2 by end-2028 as Ethena buybacks acceleratefirst reported · 2 sourcestheblock.co · thedefiant.io
- storyStandard Chartered Sets $2 Price Target for ENA, Forecasts USDe Will Hit $40 Billion by 2028update · 3 sourcestheblock.co · thedefiant.io · cointelegraph.com
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