2024

Solana

Momentum

<p>The cryptocurrency market has seen strong growth among top assets in the past week, with some coins outpacing Bitcoin. Solana (SOL), in particular, has made impressive gains, up 34.7%—much higher than Bitcoin's 7-day rise of 28.1%. Solana’s current price stands at $217.71, and a new survey by <a href="https://app-na1.hubspotdocuments.com/documents/45150296/view/910019394?accessId=d7287d" target="_blank" rel="noreferrer noopener">MV Global</a>, the Q4 2024 Crypto Investment Manager Survey, suggests that Solana could reach $600 during this bull cycle. </p>   
<p>Let’s take a closer look at what the survey reveals.</p>   
<h2 class="wp-block-heading" id="h-solana-s-strong-performance">Solana’s Strong Performance</h2>   
<p>The MV Global survey, which surveyed 76 top venture capital and hedge fund managers, highlights key trends in the <a href="https://coinpedia.org/news/why-is-crypto-going-up-today/" target="_blank" rel="noreferrer noopener">current crypto market</a>. A significant 33% of respondents predict that Solana’s price could exceed $600 in this cycle, while 23.2% expect it to reach $600 but not go higher. The rest of the participants expect the price to stay between $150 and $300.</p>   
<p>In the last 30 days, Solana has outperformed Bitcoin and Ethereum, gaining 49.2% compared to Bitcoin’s 40.6% and Ethereum’s 37.7%. The survey suggests that Solana could continue to outperform Bitcoin, particularly due to its exposure to growing sectors like DePIN (decentralized physical infrastructure networks) and meme coins.</p>   
<h2 class="wp-block-heading" id="h-the-future-is-promising"><strong>The Future is Promising </strong></h2>   
<p>The survey also reflects high confidence in Solana’s future. About 75% of respondents believe that Solana could even outperform crypto ETFs in this cycle. This shows that many investors see strong potential for further gains.</p>   
<p>The survey also points to a positive outlook for Bitcoin. Respondents predict that Bitcoin’s price could reach between $100,000 and $150,000 during this bull cycle. However, much of the focus seems to be shifting towards altcoins like Solana and Ethereum.</p>   
<h2 class="wp-block-heading" id="h-selective-altcoin-boom-in-2025">Selective Altcoin Boom in 2025</h2>   
<p>The survey report suggests that most funds anticipate a limited altcoin season with a focus on specific tokens. At least 43% of the respondents to the survey expressed their confidence in AI-related tokens. Nearly 14.3% favoured <a href="https://coinpedia.org/price-analysis/crypto-narratives-to-change-soon-these-depin-tokens-may-make-history-in-upcoming-bull-run/" target="_blank" rel="noreferrer noopener">DePIN tokens</a>.&nbsp;</p>   [post_titles_links postid="378741"]   
<p>Nearly 27.5% of survey respondents expressed scepticism about the growth of the gaming token sector. Likewise, at least 24.6% conveyed their disinterest towards Layer-2 tokens. The majority of the survey respondents indicated reluctance to increase their exposure to meme coins, showing a lack of confidence in this asset sector. The report reveals that only 43% have exposure to meme coins, and only a few have invested over $10,000.&nbsp;</p>   
<p>In conclusion, MV Global’s survey provides valuable insights, capturing both optimism for specific tokens like AI-related tokens and caution around others as the market prepares for a potential peak in 2025.&nbsp;</p>

Solana (SOL) Price Could Hit $600 This Bull Cycle, Reveals MV Global Survey

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