Cantor has begun compensation for the three biggest Solanas
Sol$157.15
The Wall Street company said in its investigation report on Monday, the finance companies Defi Development (DFDV), Upxi (UPXI) and Sol Strategies (HODL) (HODL) said in its investigation report.
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 believe Sol Treasury Companies bets that the future of finance is on-chain and that the chain of choice will be Solana,” writes an analyst led by Thomas Shinske.
Solana's biggest competitor is the Ethereum blockchain, noted Cantor, but its technology is significantly better than the larger peers on all metrics.
“The growth of SOL developers has been far beyond ETH's growth recently, and we expect this to continue,” the author writes.
Therefore, using Solana as a financial asset makes more sense than using ether
ETH$2,645.51
said the report.
The report added that companies that have adopted Solana as their financial asset believe Crypto can overtake Ether.
read more: Defi Add $500 million Solana purchasing power to new credit lines