The cryptocurrency market has shown remarkable growth over the past week, with several top cryptocurrencies exhibiting significant gains. Among these digital assets, Solana stands out, recording an impressive 34.7% rise, outpacing Bitcoin’s 7-day increase of 28.1%. Currently, Solana’s price is valued at $217.71. According to the Q4 2024 Crypto Investment Manager Survey conducted by MV Global, there is potential for Solana’s price to reach approximately $600 during this bullish cycle. Let’s delve deeper into the survey’s findings and explore what they reveal about the crypto landscape.
Solana’s $600 Potential in the Bull Cycle
The Crypto Investment Manager Survey sheds light on the perspectives of venture capitalists and hedge funds regarding key cryptocurrencies amidst the ongoing bull cycle. A total of 76 leading funds participated in the survey, offering a glimpse into the sentiment surrounding Solana. Remarkably, 33% of respondents anticipate that Solana’s price could soar past the $600 threshold during this cycle. Another 23.2% foresee Solana reaching $600, yet not surpassing it. Conversely, the remaining participants predict that Solana’s price will remain within the $150 to $300 range during the current cycle.
Solana and Ethereum Expected to Outperform Bitcoin
In the past month, Solana has demonstrated outstanding performance, achieving a 49.2% gain, surpassing both Bitcoin’s 40.6% and Ethereum’s 37.7% increases. The survey underscores the potential for Solana and Ethereum to outperform Bitcoin in this cycle, highlighting Solana’s involvement in sectors like DePIN and Meme Coins. Additionally, 75% of survey respondents believe that Solana could even surpass the performance of Crypto ETFs during this cycle. Furthermore, the survey projects that Bitcoin’s price could reach a high range of $100,000 to $150,000 in the current cycle, signifying substantial growth potential.
Selective Altcoin Boom in 2025
The survey report reveals that a majority of funds anticipate a selective altcoin season, concentrating on specific tokens. Notably, 43% of survey participants express confidence in AI-related tokens, while 14.3% favor DePIN tokens. This selective focus indicates a strategic approach to altcoin investments, with a keen interest in technologies that hold the potential for transformative growth.
Skepticism Surrounding Meme Coin, Gaming, and Layer-2 Tokens
Despite the optimism surrounding certain altcoins, skepticism persists regarding the growth of specific token sectors. Approximately 27.5% of survey respondents express doubts about the gaming token sector’s growth potential. Similarly, 24.6% of participants show disinterest in Layer-2 tokens. The survey highlights a general reluctance to increase exposure to meme coins, with only 43% of respondents currently holding such assets. Moreover, only a minority have invested more than $10,000 in meme coins, reflecting a cautious stance towards this volatile sector.
In conclusion, the insights from MV Global’s survey offer a comprehensive view of the current crypto market dynamics. While there is optimism for specific tokens like AI-related assets, there is also caution surrounding others as the market braces for a possible peak in 2025. As the crypto landscape continues to evolve, investors and enthusiasts alike must stay informed and strategic in their approach to navigating this ever-changing environment.
