Cantor initiated protection of the three largest solana
treasury corporations DeFi Growth (DFDV), Upexi (UPXI) and Sol Methods (HODL) with an chubby ranking, the Wall Road 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 consider SOL treasury corporations are betting the way forward for finance will likely be on-chain and that the chain of selection will likely be Solana,” analysts led by Thomas Shinske wrote.
Solana’s largest competitor is the Ethereum blockchain, Cantor famous, however its know-how is meaningfully higher than its bigger peer on each metric.
“Developer progress on SOL has far exceeded that on ETH lately, and we anticipate this to proceed,” the authors wrote.
Subsequently, utilizing solana as a treasury asset makes extra sense than utilizing ether
, the report stated.
The report added that corporations which have adopted solana as a treasury asset consider that the crypto can overtake ether, which at present has a market cap 2.5 instances bigger than SOL.
Learn extra: DeFi Including $5B of Solana Shopping for Energy With New Line of Credit score
