Numerous venture capitalists and hedge funds have expressed strong confidence in Solana's growth potential, predicting that it could reach or exceed $600 during the current bull cycle, according to a recent survey by MV Global.
The "Q4 2024 Crypto Investment Manager Survey" reported a significant consensus among market allocators regarding Solana's potential high performance compared to other cryptocurrencies such as Bitcoin and Ethereum.
The survey, which included responses from 76 venture allocators, revealed diverse expectations for Solana's price trajectory. A noteworthy 30% of investors predict that Solana will surpass the $600 mark, while 23.2% believe this level could represent the peak price for the current cycle. Interestingly, an equal percentage of respondents anticipate Solana to fluctuate between $150 and $300, underscoring a cautious but optimistic outlook for its near-term performance.
The investment landscape appears increasingly favourable for select altcoins, particularly those associated with emerging narratives like artificial intelligence and decentralized physical infrastructure networks. According to the MV Global survey, about 70% of investors anticipate a significant price increase for certain altcoins during this cycle, signalling a potentially rewarding 'alt season' for discerning investors.
Decentralized finance (DeFi) applications and tokens associated with AI have garnered notable interest, with 43% of respondents expressing a preference for AI-related altcoins. Conversely, sectors like gaming and Layer-2 blockchain tokens seem less appealing to investors, with some labelling them as potential underperformers in the current market cycle.
Nonetheless, Bitcoin is still considered more or less risky, with only 57% of respondents expecting the price to reach between $100 and $150K in 2025. The sentiment toward altcoins, such as Solana, is generally positive. VCs and hedge funds are increasingly interested in new tokens with solid backing stories.