Solana Price: Will SOL Outpace Crypto Giants This Year?
The post Solana Price: Will SOL Outpace Crypto Giants This Year? appeared on BitcoinEthereumNews.com. Key Notes Cantor Fitzgerald predicts that Solana could soon dominate Bitcoin and Ether in strategic reserves. MemeStrategy becomes Hong Kong’s first public company to invest in SOL. Analysts suggest a bullish outlook for SOL, predicting $280+ in the near term. As Solana SOL $152.9 24h volatility: 2.7% Market cap: $80.71 B Vol. 24h: $5.01 B continues to gain traction among institutions, Cantor Fitzgerald predicts that it could soon dominate Bitcoin and Ether in corporate treasuries. The report read that Solana’s staking capabilities, expanding utility, and capital efficiency make it an ideal holding for companies. Cantor Fitzgerald analysts believe public companies could adopt Solana as a core asset, similar to MicroStrategy’s Bitcoin treasury strategy, but with more yield potential. Unlike Bitcoin, SOL allows companies to earn yield on treasury holdings without issuing additional shares. The report explained that staking enables Solana treasury companies to grow SOL per share more efficiently than Bitcoin-based firms can grow BTC BTC $106 630 24h volatility: 0.4% Market cap: $2.12 T Vol. 24h: $33.64 B per share. Solana’s Aggressive Expansion The report also noted Solana’s aggressive expansion in utility beyond meme coin trading. Data by DeFiLlama suggests that SOL’s total value locked (TVL) has increased by more than 33 times in the past year, currently standing at $8.63 billion. The blockchain is rapidly becoming a hub for tokenization, used by institutions like Moody’s for credit rating assets. Kraken is also considering a tokenized stock product on Solana’s infrastructure, reflecting growing confidence in the network’s capabilities. Tech investment firm MemeStrategy recently became the first publicly listed company in Hong Kong to invest directly in Solana. MemeStrategy’s Monday SOL purchase sent its stock up 28.5% on the Hong Kong Stock Exchange, with continued gains on June 17. Meanwhile, CoinShares became the 8th firm to file for a spot…
The post Solana Price: Will SOL Outpace Crypto Giants This Year? appeared on BitcoinEthereumNews.com.
Key Notes Cantor Fitzgerald predicts that Solana could soon dominate Bitcoin and Ether in strategic reserves. MemeStrategy becomes Hong Kong’s first public company to invest in SOL. Analysts suggest a bullish outlook for SOL, predicting $280+ in the near term. As Solana SOL $152.9 24h volatility: 2.7% Market cap: $80.71 B Vol. 24h: $5.01 B continues to gain traction among institutions, Cantor Fitzgerald predicts that it could soon dominate Bitcoin and Ether in corporate treasuries. The report read that Solana’s staking capabilities, expanding utility, and capital efficiency make it an ideal holding for companies. Cantor Fitzgerald analysts believe public companies could adopt Solana as a core asset, similar to MicroStrategy’s Bitcoin treasury strategy, but with more yield potential. Unlike Bitcoin, SOL allows companies to earn yield on treasury holdings without issuing additional shares. The report explained that staking enables Solana treasury companies to grow SOL per share more efficiently than Bitcoin-based firms can grow BTC BTC $106 630 24h volatility: 0.4% Market cap: $2.12 T Vol. 24h: $33.64 B per share. Solana’s Aggressive Expansion The report also noted Solana’s aggressive expansion in utility beyond meme coin trading. Data by DeFiLlama suggests that SOL’s total value locked (TVL) has increased by more than 33 times in the past year, currently standing at $8.63 billion. The blockchain is rapidly becoming a hub for tokenization, used by institutions like Moody’s for credit rating assets. Kraken is also considering a tokenized stock product on Solana’s infrastructure, reflecting growing confidence in the network’s capabilities. Tech investment firm MemeStrategy recently became the first publicly listed company in Hong Kong to invest directly in Solana. MemeStrategy’s Monday SOL purchase sent its stock up 28.5% on the Hong Kong Stock Exchange, with continued gains on June 17. Meanwhile, CoinShares became the 8th firm to file for a spot…
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