Standard Chartered initiates Ethena coverage, sees ENA at $2 by 2028

Standard Chartered initiated coverage on Ethena, forecasting its ENA token could reach $2 by 2028. The bank highlights Ethena's growth in tokenized assets and stablecoins as a potential catalyst for DeFi and traditional finance, while acknowledging risks. This projection suggests significant upside for ENA holders if the ecosystem expands as anticipated.