Cantor began the coverage of the three largest solana
Treasury companies Development (DFDV), UPEXI (UPXI) and Sol Strategies (HODL) with an overweight rating, said Wall Street firm in a research report on Monday.
The corridor has an objective price of $ 45 for Defi development, an objective of C $ 54 for Sol strategies and an objective price of $ 16 for UPEXI.
“We believe that Sun Treasury companies are betting on the future of finance will be in the chain and that the chain of choice will be Solana,” wrote the analysts led by Thomas Shinske.
The largest Competitor of Solana is the Ethereum Blockchain, Cantor said, but its technology is significantly better than its largest pair in each metric.
“The growth of the developer in Sol has far exceeded that ETH recently, and we hope this continues,” the authors wrote.
Therefore, using Solana as a treasure asset makes more sense than using ether
The report said.
The report added that companies that have adopted Solana as a treasure asset believe that cryptography can overcome Ether, which currently has a market capitalization 2.5 times greater than Sol.
Read more: Defi adding $ 5b of Solana purchase power with new credit line
