Cantor Fitzgerald Predicts Solana Could Surpass Bitcoin and Ether in Treasuries
Cantor Fitzgerald forecasts that Solana could surpass Bitcoin and Ether in corporate treasuries due to its staking capabilities, expanding utility, and capital efficiency. Companies might adopt Solana as a core asset for treasury holdings, potentially offering more yield than Bitcoin.
Key Insights
- Solana’s total value locked (TVL) has increased over 33 times in the past year, now at $8.63 billion.
- Institutions like Moody's are using Solana for tokenization; Kraken is considering a tokenized stock product on Solana.
- MemeStrategy became the first publicly listed company in Hong Kong to invest directly in Solana, resulting in a 28.5% stock increase.
- CoinShares filed for a spot Solana ETF with the US SEC, with a 90% approval probability by July 2025.
SOL Price Overview
Currently, Solana is trading at $154, with a market cap of $81 billion. The price shows rebound potential from lower Bollinger Bands, with possible tests at $166 and $188 if it breaks mid-band resistance. RSI stands at 47.65, indicating neutral momentum but potential for bullish movement.
Future Projections
Analyst Batman outlines three phases for a potential rally: breaking $188, moving to $227, and possibly exceeding $280.
Emerging Project: Solaxy ($SOLX)
Solaxy aims to enhance Solana's speed and reliability, addressing network congestion and scalability issues through an off-chain transaction processing model. A presale for its native token SOLX offers a staking yield of 103% APY.
SOLX Presale Details
- Token price: $0.001766
- Funds raised: $53.8 million
- Accepted payments: Crypto and Debit/Credit Cards
- Token ticker: SOLX