Cantor initiated protection of the three largest solana
SOL$157.15
treasury corporations DeFi Growth (DFDV), Upexi (UPXI) and Sol Methods (HODL) with an obese ranking, the Wall Avenue agency stated in a analysis report Monday.
The dealer has a $45 value goal for DeFi Growth, a C$54 goal for Sol Methods, and a $16 value goal for Upexi.
“We imagine SOL treasury corporations are betting the way forward for finance will likely be on-chain and that the chain of alternative will likely be Solana,” analysts led by Thomas Shinske wrote.
Solana’s greatest competitor is the Ethereum blockchain, Cantor famous, however its know-how is meaningfully higher than its bigger peer on each metric.
“Developer development on SOL has far exceeded that on ETH lately, and we count on this to proceed,” the authors wrote.
Due to this fact, utilizing solana as a treasury asset makes extra sense than utilizing ether
ETH$2,645.51
, the report stated.
The report added that corporations which have adopted solana as a treasury asset imagine that the crypto can overtake ether, which presently has a market cap 2.5 occasions bigger than SOL.
Learn extra: DeFi Including $5B of Solana Shopping for Energy With New Line of Credit score
