Cantor Fitzgerald analyst Thomas Shinske stated that companies adopting Solana (SOL) could benefit from its utility. Moreover, Solana offers affordable transactions.
"With increasing liquidity making capital raising easier, Solana treasury companies can follow Saylor's playbook and raise capital at a premium to NAV, buy SOL, and increase SOL per share," he said, citing Bloomberg.
He added that Solana could outperform Ethereum (ETH) if used as a treasury asset in a company, and it could even grow faster compared to Bitcoin (BTC).
However, it should be noted that the price movement of Solana tends to be more fluctuating than Bitcoin and has a lower total locked value than Ethereum.
As information, Solana is currently trading at the level of US$153 with a market capitalization reaching US$80 billion. In addition, the transaction volume in the last 24 hours is around US$5.1 billion.#sol $SOL
