Cantor Sees 75% Upside in Solana-Focused Stocks With New Analyst Coverage

Cantor Fitzgerald launched the coverage of three public companies that have significant salt reserves, suggesting that the shares could rise by as many as 75% as investors seek new ways to obtain exposure to the fast -growing blockchain network.

The investment bank rated Definitely Development Corp (DFDV), UPXI (UPXI) and Salt Strategy (Hodl) as “overweight”, which means he expects the shares to surpass. Awarded the prices of $ 45 for DFDV, $ 16 for UPXI and C $ 4 ($ 2,95) for Hodl.

DFDV is currently estimated at $ 31.06, UPXI is valued at $ 9.84, while Hodl sits at $ 2,48 ($ 1.83), Google Finance data show.

“We believe that the Treasury of Solan Treasury is betting that the future of finance will be in the chain and that the choice chain will be salt,” Cantor wrote analysts in a report of 72 pages on Monday.

Analysts also aimed at Ethereum, writing that his reliance on the external scaling network made the system ineffective and less united compared to Solan’s design everything in one.

“If we compare the layer-1, Solan technology is meaningful better than Ethereum in all metrics,” analysts wrote.

Solana is blockchain known for its fast and cheap transactions. Unlike the Ethereum, which relies on the external tools, known as layer 2s, in order to scalp, the salt pans fully operate on its basic layer. This allows him to avoid fragmentation and holds fees low, analysts noticed.

Cantor said that these companies deserve to trade above the value of their share in Solana because of their ability to invest a token and a prizes, a process in which users lock cryptocurrencies to provide a network and receive payments in return.

“The Solana Treasury Companies provide exposure to investment by organic accumulation and increasing SOL-on-do-go-on,” analysts said, citing how these companies can increase shares without raising new money.

Among the three, Cantor called DFDV the best positioned, citing his experienced managerial team and ownership of Solan’s infrastructure. The company triggers two validtor checks, which process the network transactions and earn additional fees.

UPXI, which holds the largest salt balance, does not manage validators, but benefits from American entry and trading volumes.

Hodl, headquartered in Canada, manages four validators and established several ecosystem partnerships, including those with Moonpay and Pudgy Ponguins.

Cantor said the stocks associated with salt could become “the next generation of playing corporate reserves in Bitcoin style”, a reference companies such as Michael Saylor Strategy, which buy bitcoin as part of their balance sheet.