Cantor Initiates Coverage of Top Solana Treasury Companies with Overweight Rating
Cantor has started coverage of three major Solana treasury companies: DeFi Development (DFDV), Upexi (UPXI), and Sol Strategies (HODL) with an overweight rating. Key points include:
- Price targets: $45 for DeFi Development, C$54 for Sol Strategies, and $16 for Upexi.
- Analysts believe the future of finance will be on-chain, with Solana as the preferred blockchain.
- Solana's technology is superior to Ethereum's across various metrics.
- Developer growth on Solana has significantly surpassed that on Ethereum recently.
- Companies using Solana as a treasury asset anticipate it could surpass Ethereum, which has a market cap 2.5 times larger than Solana.