“CANTOR INITIATED COVERAGE OF SOL Treasury Companies DFDV, Upxi and Hodl with An ‘Overweight’ Rating.”, – WRITE: www.coindesk.com
Treasury companies defi development (DFDV), Upexi (Upxi) and Sol Strategies (Hodl) with An overweight Rating, The Wall Street Firm Said in a Research Report Monday.
The Broker Has A $ 45 Price Target for Defi Development, A C $ 54 Objective for Sol Strategies, and A $ 16 Price Target for Upexi.
“We Believ Sol Treasury Companies Are Betting The Future of Finance Will Be On-Cheain and That Chain of Choice Will Be Slana,” Analysts Led by Thomas Shinske Wrote.
Solana’s Biggest Competitor is the Ethereum Blockchain, Cantor Noted, But Its Technology Is Meaningfully Better than Its Larger Peer on Everry Metric.
“Developer Growth on Sol Has Far Exceeded that on Eth Recently, and We Expert This to Continue,” The Authors Wrote.
Therefore, using solana as a treasury Asset Makes More Sense than using ether
The Report Said.
The report addted that companies that have addited solana as a treasury asset believe that the Crypto Can Overtake Ether, WHICH Currently Has a Market Cap 2.5 Times Larger.
Read More: Defi Adding $ 5b of Solana Buying Power with New Line of Credit
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