Standard Chartered forecasts Ethena’s ENA token to reach $1.10 by 2027

Key Summary

Standard Chartered has set a bold price target for Ethena's ENA token, predicting it will reach $1.10 by the end of 2027. The bank's forecast is based on its synthetic dollar strategy, USDe, which aims to generate yield while taking offsetting positions in perpetual futures. The target relies on USDe supply exceeding $7.5 billion, triggering a 95% buyback of ENA.