Cantor Fitzgerald Predicts Solana Could Surpass Bitcoin and Ether in Treasuries

2 min

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.