TechFlow, June 17 — According to The Block, investment bank Cantor Fitzgerald announced on Monday that it has begun research coverage on three companies focused on accumulating Solana-based cryptocurrencies: DeFi Development Corp., Upexi, and SOL Strategies. Analysts argue that although Ethereum has a longer development history and higher value locked, Solana holds greater advantages than Ethereum as an investment asset. In the report, analysts stated, "If Bitcoin has become the foundational reserve currency of the digital economy, then Solana aims to become the technology powering transactions and markets in the digital economy."
Cantor set optimistic price targets for these three companies: a $45 target for DeFi Development Corp. (currently around $31), a $16 target for Upexi (currently around $10), and a C$4 target for Canadian firm SOL Strategies (currently around C$2).
