Standard Chartered said in a forecast report that ENA, the governance token of Ethena, could reach $1.10 by 2027. The report also said forecasts on the crypto sector are becoming more common among traditional financial institutions, a trend it views as supportive of the market's credibility. ENA is tied to Ethena, a project focused on issuing the synthetic dollar stablecoin USDe. The item was cited by Techub News, with Crypto Briefing named as the source of the report details.
Standard Chartered said in a forecast report that ENA, the token tied to the Ethena project, could reach $1.10 by 2027.
The report said forecasts on the crypto sector are becoming more common among traditional financial institutions, which it said helps improve the credibility of the broader market.
ENA is the governance token of Ethena. The project focuses on issuing the synthetic dollar stablecoin USDe.
The report details were cited by Crypto Briefing.
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