7 months ago
Most task superior and hedge funds expect Solana (SOL) to scope astatine slightest $600 successful this bull cycle, according to the “Q4 2024 Crypto Investment Manager Survey” by MV Global.
Almost a 3rd of the survey respondents judge SOL volition breach the $600 ceiling, portion 23.2% spot this terms country arsenic the asset’s all-time high. The aforesaid percent spot SOL stuck betwixt $150 and $300 successful this bull cycle, which the survey participants judge volition hap successful the 2nd fractional of 2025.
One liquid money expert stated that SOL and Ethereum (ETH) volition outperform Bitcoin (BTC) successful this cycle, though SOL volition person a overmuch much important upside. He added:
“It’s a straightforward mode to seizure the upside of aggregate verticals similar DePIN and Memecoins.”
Meanwhile, a task superior money expert stated that SOL outperforming ETH is “so statement it scares.” Additionally, 75% of the survey participants judge SOL volition outperform crypto exchange-traded funds (ETFs) successful this cycle.
Not bullish enough
The survey interviewed 76 apical liquid funds and task allocators successful the crypto market. Half were task superior funds, and 21.7% were hedge funds. Roughly 56% of the participants negociate betwixt $10 cardinal and $50 million.
MV Global highlighted that “the deficiency of upside conviction” was surprising, peculiarly successful Bitcoin’s case. Most survey respondents judge BTC volition highest betwixt $100,000 and $150,000, beneath predictions from organization researchers specified arsenic VanEck and Standard Chartered.
The past six months of sideways enactment are the cardinal origin for quenching investors’ sentiment, with the caller upside process overmuch little priced.
The survey reveals that astir 57% of the respondents judge Bitcoin volition highest successful 2025, with 45.7% seeing a caller all-time precocious successful adjacent year’s 2nd semester.
‘Alt season’ for a few
The survey besides questioned the 76 participants astir the anticipation of a monolithic terms summation for altcoins successful this cycle. Almost 70% of the respondents firmly judge successful an alt season, but lone for a fewer selected altcoins.
A ample task superior spouse told the survey:
“There are 100x much tokens than past cycle. It’s truly hard to spot each of these moving with a beta to BTC similar they did in.”
Tokens related to the artificial quality (AI) communicative are among the preferred by the survey respondents, with 43% of them keeping an oculus retired for this altcoin vertical.
Decentralized carnal infrastructure web (DePIN) comes successful second, with 14.3% of the participants manifesting interest. Native tokens for DeFi applications are considered a bully concern by 11.4% of the precocious net-worth plus managers.
On the different hand, gaming is the slightest favourite altcoin sector, arsenic 27.5% see it the ” worst performer” successful this cycle.
A liquid money managing spouse said:
“You don’t request to person crypto companies make a crippled oregon a gaming studio. Integration is the champion way forward. Don’t effort and physique the adjacent Call of Duty but person Call of Duty follow crypto.”
Layer-2 blockchains’ autochthonal tokens are besides among the survey participants’ slightest favourite integer assets, with 24.6% considering this a imaginable underperforming sector.
Lastly, plus managers for high-net-worth funds are inactive cautious astir meme coins. Despite 43% declaring investments successful tokens wrong this sector, lone 10% utilized much than $10,000 from their respective funds to get vulnerability to this narrative.
The station Hedge funds and task superior firms expect Solana volition deed $600 this rhythm – Survey appeared archetypal connected CryptoSlate.
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