Standard Chartered Predicts ENA Will Hit $2 by 2028
Standard Chartered sees ENA topping $2 as Ethena pushes its USDe synthetic dollar toward a $40 billion market cap.
Advertising disclosure: we may earn a commission when you join an operator via links on this page, at no cost to you. This never dictates our ratings. How we make money
Key takeaways
- Standard Chartered expects ENA to reach $2 by late 2028, implying over 600% upside.
- The bank projects Ethena's USDe synthetic dollar will grow eightfold to hit $40 billion.
- Planned token buybacks are expected to significantly boost ENA's underlying value.
600% upside. That is what Standard Chartered is dangling for Ethena's governance token, projecting ENA hits $2 by the end of 2028 from where it sits today.
scaling USDe to $40 Billion
That bold call relies almost entirely on USDe, Ethena's synthetic dollar. Standard Chartered expects USDe's supply to surge eightfold over the next four years, reaching a $40 billion market cap.
Growth alone won't do it. The bank points to token buybacks as the main trigger, arguing that expanding protocol revenues will funnel value straight back to ENA holders and reshape its tokenomics for the long haul.
Why it matters
When a major TradFi bank backs an eightfold surge for a synthetic dollar, institutional faith in alternative stablecoin models is clearly building. If USDe actually hits $40 billion, aggressive buybacks could turn ENA into one of DeFi's highest-yielding governance assets. The catch? Crypto yield markets must stay lucrative enough to keep pulling in billions.
Source: The Block
Top Crypto Casinos Right Now
🇦🇺 Showing sites that accept players from Australia Change country
Advertising disclosure: we may earn a commission when you join an operator via links on this page, at no cost to you. This never dictates our ratings. How we make money
More info Less info
Why we chose it: A US-oriented casino that turns away only New Jersey. The cashier takes crypto, but the site publishes fewer specifics than any operator we list.
- KYC
- Required
Restricted countries: New Jersey (US).
More info Less info
Why we chose it: One of the widest crypto line-ups of any book we list - seven coins with fast payouts - aimed squarely at Asia and Latin America rather than the US or Western Europe.
- Licence
- Curacao
Restricted countries: Austria, Belgium, Bulgaria, Cyprus, Czechia, Germany, Denmark, Estonia and 21 more.
More info Less info
Why we chose it: Built for American bettors, priced accordingly. Biggest welcome bonus of the five, attached to the heaviest rollover of the five.
- Online since
- 1994
- Licence
- Curaçao
- Payout time
- 24–48 hours (crypto)
- Wagering
- 18x sportsbook / 30x casino
- KYC
- Required
Restricted countries: Belgium, Costa Rica, Croatia, Curaçao, Aruba, Sint Maarten, Caribbean Netherlands, France and 11 more.
Alex Rivera
Alex covers crypto markets and trading, testing every platform hands-on before writing about it.
Related News
Hedge Funds Add 1,669 BTC Shorts Ahead of Fed Decision
Bernstein Sees 31% Stock Jump as Robinhood Chain Outruns Solana Fees
Bitcoin Futures See $14B Volume Spikes Every 15 Minutes
