Standard Chartered initiates coverage of Ethena's ENA token, forecasts 10x growth to $2 by 2028

$ENA: $ENA is the native token of the Ethena protocol used for governance and utility within its synthetic dollar system. Standard Chartered's coverage initiation directly targets this token with forward-looking analysis. The token serves as the primary focus of the announced research. Ethena: Ethena is a decentralized finance project that developed a synthetic dollar protocol and issues the associated $ENA token. The project is the direct subject of new research coverage initiated by Standard Chartered. This attention highlights Ethena's role in the evolving crypto ecosystem. Standard Chartered: Standard Chartered is a multinational bank focused on Asia, Africa, and the Middle East markets with a growing presence in financial services and research. It recently initiated analyst coverage on Ethena's $ENA token, marking an expansion of its research into cryptocurrency assets. This development reflects the bank's interest in providing market insights on emerging digital protocols. Bank Crypto Expansion: Banks are increasingly incorporating cryptocurrency assets into their analytical and advisory offerings. Institutional Coverage: Traditional financial institutions are extending research coverage to decentralized finance projects and their native tokens.