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- Welcome Kevin_Lee to the Gate Square! 🎉
Looking forward to more great crypto insights from him.
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Let’s give Kevin_Lee a warm welcome! 👏👏👏
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Investment bank Cantor Fitzgerald is optimistic about Solana as a treasury asset and has a positive outlook on pricing SOL for investment companies.
According to a report from The Block on June 17, investment bank Cantor Fitzgerald announced on Monday that it has begun researching three companies focused on accumulating Solana crypto assets: DeFi Development Corp., Upexi, and SOL Strategies. Analysts believe that despite Ethereum having a longer development history and a higher amount of locked funds, Solana has advantages as an investment asset over Ethereum. The analysts stated in the report, "If Bitcoin has become the foundational reserve currency of the digital economy, then Solana's goal is to become the technology that drives transactions and markets in the digital economy."
Cantor set optimistic price targets for these three companies: DeFi Development Corp. target price is $45 ( currently about $31 ), Upexi target price is $16 ( currently about $10 ), and Canadian company SOL Strategies target price is 4 CAD ( currently about 2 CAD ).