Standard Chartered Bank initiates Ethena research coverage and predicts ENA 2028 by year-end 2 USD
BIBIBI
AT A GLANCE
Standard Chartered Bank expects ENA to reach 2028 by year-end 2 USD。
Article
Standard Chartered Bank expects ENA to reach 2028 by year-end 2 USD
PANews September 30 According to The Defiant, PANews reported that Standard Chartered Bank has initiated research coverage of Ethena and predicts that its token ENA will reach 2028 in 2 USD, representing approximately 10 times upside from the current price. Standard Chartered Bank stated that Ethena is currently the fourth-largest stablecoin issuer after Tether, Circle, and Sky, and the second-largest interest-bearing stablecoin issuer after Sky; its USDe is the stablecoin that reached 10000000000 USD in market capitalization the fastest.
PANews reported that The Defiant said Standard Chartered Bank has initiated research coverage of Ethena.
02
Standard Chartered Bank predicts ENA will reach 2028 in 2 USD, representing approximately 10 times upside from the current price.
03
The report stated that Ethena is the fourth-largest stablecoin issuer after Tether, Circle, and Sky.
04
The report stated that Ethena is the second-largest interest-bearing stablecoin issuer after Sky.
05
The report stated that USDe is the stablecoin that reached 10000000000 USD in market capitalization the fastest.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Research coverage means that the bank has begun analyzing the project. 2 USD is a forecast for 2028 and does not mean that ENA will necessarily reach that price.
Why it matters to readers
A large bank's long-term price target could increase market attention on Ethena and ENA, but the report itself cannot prove that the target will be achieved.
Beginners should distinguish between the bank's forecast, the current price, and realized gains.
Risks and unknowns
The evidence is PANews' account of The Defiant's report; the original Standard Chartered Bank research report was not provided.
The evidence does not specify 2 USD the specific assumptions underlying the price target.
The evidence does not provide ENA the specific current price or the actual market impact of the forecast.
Related Developments
Loading event timeline…
Related concepts
Stablecoins
A class of interchangeable crypto assets that anchor to the same underlying value across entities; examples in the text include USDT and USDC。
