CoinScoopStandard Chartered Forecasts Over 600% Upside for ENA by 2028
Standard Chartered released a research report on September 30 projecting that Ethena (ENA) could reach $2.00 by the end of 2028, driven by a buyback mechanism fueled by protocol revenue. The bank estimates the supply of USDe could grow to $40 billion. However, the report notes short-term risks, including a significant token unlock scheduled for October 5, 2026, and the need for USDe circulation to reach higher thresholds to trigger full buyback operations.
Summaries are written by AI from the original article. Not investment advice.