Top hedge funds and venture capital firms are eyeing a significant rally for Solana (SOL), with projections suggesting it could reach $600 in this bull cycle, according to MV Global’s latest Crypto Investment Manager Survey.
“Solana is a strong consensus pick among nearly all allocators we surveyed,” the report stated.
Currently, Solana trades at a 3-year high of around $217, experiencing a 5.5% gain on the day amidst a broader crypto market surge. Meanwhile, Bitcoin reached new all-time highs, trading as high as $89,560 on November 12. MV Global’s survey, conducted in October, drew responses from 76 prominent crypto investors.
One-Third of Investors Project Solana Above $600, Predicting Stronger Gains Than Bitcoin
The survey results show nearly one-third of respondents expect SOL to surpass $600, while 23.2% see this as the peak for the cycle. Another 23.2% predict SOL will stay between $150 and $300, with the market peak anticipated in late 2025.
A liquid fund analyst pointed to Solana and Ethereum (ETH) as likely outperformers relative to Bitcoin in this cycle, citing SOL’s greater growth potential.
One analyst highlighted that increasing global liquidity, partly driven by deficits anticipated under the incoming U.S. president, will likely create a favorable outlook for Bitcoin.
Market Peak Expected in 2025
The survey indicates that most allocators believe Bitcoin could peak between $100,000 and $150,000, lower than some institutional projections from firms like VanEck, Standard Chartered, and Grayscale.
“Recent volatility has dampened enthusiasm for significant price jumps,” MV Global noted, adding that a Twitter poll they conducted mirrored these tempered expectations. This cautious outlook appears to reflect in current market prices.
Almost half of investors expect a market peak in the second half of 2025, suggesting that this timeline may be factored into today’s market sentiment.
Views on Ethereum were more varied, with one-third of participants expecting a peak between $3,000 and $5,000, while another third projected it could reach between $5,000 and $7,000. At this stage, a bullish stance on ETH may appear contrarian but potentially rewarding.
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