Solana Treasury Firms Get Cantor Vote Of Confidence: ‘We Expect Developer Growth To Continue’
Cantor Fitzgerald on Monday initiated coverage on three Solana (CRYPTO: SOL) treasury companies—DeFi Development Corp. (NASDAQ:DFDV), Upexi (NASDAQ:UPXI), and SOL Strategies (CSE:HODL), predicting significant share price growth as Solana’s high-performance blockchain gains traction in digital finance.
The research report assigns “Overweight” ratings with price targets of $45 for DFDV (74.9% upside), $16 for UPXI (59.8% upside), and C$4 for HODL.CN (65.3% upside), driven by Solana’s technological edge and the companies’ strategic capital-raising plans.
The report highlights Solana’s ability to process 65,000 transactions per second with sub-$0.01 fees, positioning it to challenge Ethereum’s dominance.
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“Developer growth on SOL has far exceeded that on ETH recently, and we expect this to continue,” the analysts states, underscoring Solana’s potential to overtake Ethereum (CRYPTO: ETH), which has a market cap 259% larger than Solana’s $86.3 billion.
DeFi Development Corp. is positioned as a leader, with …
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