Cantor initiated the cover of the three largest Solana
The Treasury Societies of Development (DFDV), Upexi (Upxi) and STRATEGIES (HODL) with an overweight note, the Wall Street firm said on Monday in a research report.
The broker has a price target of $ 45 for DEFI development, a target of $ 54 CA for soil strategies and a price target of $ 16 for Upexi.
“We believe that the Sol cash companies are betting that the future of finance will be in a chain and that the chain of choice will be Solana,” the analysts led by Thomas Shinske wrote.
Solana’s biggest competitor is Ethereum blockchain, noted Cantor, but its technology is significantly better than its greatest peer on each metric.
“The growth of developers on soil has far exceeded this on ETH recently, and we expect it to continue,” wrote the authors.
Consequently, the use of Solana as an asset of the treasure makes more sense than using Ether
said the report.
The report added that companies that have adopted Solana as the Treasury assets believe that crypto can exceed ether, which currently has a market capitalization 2.5 times larger than soil.
Find out more: DEFI adds $ 5 billion in Solana purchase power with a new credit line
