Standard Chartered Forecasts Ethena’s Token Will Hit $2 by End of 2028 on Buybacks

Standard Chartered forecast Ethena's ENA token will hit $2 by end of 2028, projecting roughly a sevenfold gain. The bank's first report on ENA ties the upside to USDe growth and a buyback schedule that has not yet been activated. This optimistic outlook could boost investor confidence in Ethena's long-term potential.