Standard Chartered projected that the price of Ethena (ENA) will rise to $2 by the end of 2028. In its report, Standard Chartered explained, "ENA is in an area where perpetual futures, tokenization, and stablecoins intersect in the market. ENA will benefit from the growth in this sector and the newly introduced buyback program. Furthermore, ENA is currently the world's 4th largest stablecoin issuer, following Tether, Circle, and Sky. Ethena's USDe is the stablecoin that most quickly reached a market capitalization of $10 billion."
