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Can Ethena Price Reach $2 by 2028?

The bank said Ethena could gain as tokenized assets and yield-bearing stablecoins expand, with ENA trading about 87% below the target.

Standard Chartered has initiated coverage of Ethena’s ENA token with a $2 price target for the end of 2028, putting the bank’s first published valuation at roughly eight times the token’s current market price. Standard Chartered Global Research said on…

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British banking giant Standard Chartered has announced a long-term bullish outlook for Ethereum's ENA token. The bank believes that demand for stablecoins and the migration of financial assets to the blockchain could boost the project.

British banking giant Standard Chartered continues to focus on altcoins with upside potential besides Bitcoin and Ethereum. One of these altcoins is Ethena, a synthetic dollar protocol built on Ethereum. Accordingly, Standard Chartered analyzed the stablecoin issuer Ethena (ENA) for the first time and predicted a price of $2. A Noteworthy Price Target for ENA! […] Source: Bitcoinsistemi.com

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TokenPost broke the news on Wednesday, September 30, 2026.
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