Cantor Fitzgerald Securities has expressed the view that despite Ethereum (ETH) having a longer track record and higher total locked value, Solana (SOL) is more advantageous for companies holding it as a financial asset. The firm announced on the 16th that it will begin coverage of three Solana financial companies. This was reported by overseas media such as The Block.
The subjects of analysis are three companies: DeFi Development Corp, Upexi, and Sol Strategies, all of which mimic Bitcoin strategy firms. Cantor Fitzgerald has assigned a bullish investment rating to all three companies, clearly expressing an aggressive evaluation stance.
The securities analyst stated, "The developer growth of Solana significantly surpasses that of Ethereum, and this trend is expected to continue." He cited the possibility of Solana exceeding Ethereum, which is currently 259% higher in market capitalization, as a basis for the rationale of choosing Solana as a financial asset.
"If Bitcoin is established as the foundational reserve currency of the digital economy, Solana is becoming the technology that supports transactions and marketplaces within the digital economy," the analysis states. Cantor evaluates that Solana's financial enterprise is betting that "the future of finance will be on-chain, and the chosen chain will be Solana."
On the other hand, Matthew Siegel of asset management firm VanEck has expressed concerns about the ambitious cryptocurrency purchase plans of small-scale companies. He pointed out that there could be no legitimate intent and warned that if the market capitalization is small and there is no disclosure from new major investors, it should be considered a temporary speculative act.
Many small publicly traded companies are actually announcing virtual currency financial plans that significantly exceed their market capitalization. DeFi Development Corp has entered into a stock sale agreement worth up to $5 billion, and the market has seen speculative movements, with its market capitalization skyrocketing from $7 million at the end of March to about $380 million.
Additionally, SharpLink, the first Ethereum financial company, showed a surge of 45.6% on the 17th after the major crash last week, indicating that intense volatility continues.
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A major U.S. securities firm, Cantor, evaluates whether Solana surpasses Ethereum as a financial asset.
Cantor Fitzgerald Securities has expressed the view that despite Ethereum (ETH) having a longer track record and higher total locked value, Solana (SOL) is more advantageous for companies holding it as a financial asset. The firm announced on the 16th that it will begin coverage of three Solana financial companies. This was reported by overseas media such as The Block.
The subjects of analysis are three companies: DeFi Development Corp, Upexi, and Sol Strategies, all of which mimic Bitcoin strategy firms. Cantor Fitzgerald has assigned a bullish investment rating to all three companies, clearly expressing an aggressive evaluation stance.
The securities analyst stated, "The developer growth of Solana significantly surpasses that of Ethereum, and this trend is expected to continue." He cited the possibility of Solana exceeding Ethereum, which is currently 259% higher in market capitalization, as a basis for the rationale of choosing Solana as a financial asset.
"If Bitcoin is established as the foundational reserve currency of the digital economy, Solana is becoming the technology that supports transactions and marketplaces within the digital economy," the analysis states. Cantor evaluates that Solana's financial enterprise is betting that "the future of finance will be on-chain, and the chosen chain will be Solana."
On the other hand, Matthew Siegel of asset management firm VanEck has expressed concerns about the ambitious cryptocurrency purchase plans of small-scale companies. He pointed out that there could be no legitimate intent and warned that if the market capitalization is small and there is no disclosure from new major investors, it should be considered a temporary speculative act.
Many small publicly traded companies are actually announcing virtual currency financial plans that significantly exceed their market capitalization. DeFi Development Corp has entered into a stock sale agreement worth up to $5 billion, and the market has seen speculative movements, with its market capitalization skyrocketing from $7 million at the end of March to about $380 million.
Additionally, SharpLink, the first Ethereum financial company, showed a surge of 45.6% on the 17th after the major crash last week, indicating that intense volatility continues.