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Hedge funds and venture capital firms expect Solana will hit $600 this cycle – Survey

Author: Content Editor
According to the "Q4 2024 Crypto Investment Manager Survey" by MV Global, most venture capital and hedge funds expect Solana (SOL) to reach a price of at least $600 in this bull cycle. Nearly a third of the survey respondents believe SOL will surpass the $600 mark, and 23.2% see it as the asset's all-time high. The survey participants also believe SOL will outperform Bitcoin (BTC) and Ethereum (ETH) in this cycle, with SOL having a more significant upside. Additionally, 75% of the respondents believe SOL will outperform crypto exchange-traded funds (ETFs). The survey highlights the surprising lack of upside conviction in Bitcoin's case, with most respondents predicting a peak between $100,000 and $150,000. The survey reveals that many respondents believe Bitcoin will peak in 2025, with 45.7% seeing a new all-time high in the second semester of the year. The survey also shows that nearly 70% of the respondents believe in an alt season, but only for selected altcoins. Tokens related to artificial intelligence (AI) are among the favorites, while gaming is considered the worst performer. Layer-2 blockchains' native tokens and meme coins are viewed cautiously by high-net-worth fund managers.

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