Cantor initiated the cover of the three largest Solana
Treasury Companies Defi Development (DFDV), Upexi (UPXI) and SOL Strategies (HODL) with an overweight assessment, the Wall Street company said in a research report on Monday.
The broker has a price target of $ 45 for Defi Development, AC $ 54 targets for sun strategies and a $ 16 price target for upexi.
“We believe that the Sol Treasury companies are aiming for the future of financing will be on-chain and that the chosen chain will be Solana,” analysts wrote by Thomas Shinish.
Solana’s biggest competitor is Ethereum Blockchain, noticed Cantor, but its technology is meaningfully better than its larger peer on each metric.
“Development growth on Sol has far exceeded it at ETH recently, and we expect this to continue,” wrote the authors.
Therefore, it is more meaning to use Solana as a treasury assets than to use ether
says the report.
The report added that companies that have adopted Solana as a treasury asset believe that the crypto can overtake ether, which currently has a market capital 2.5 times larger than SOL.
Read more: DEFI adds $ 5B SOLANA Purchase Power with New Credit Line
