Solana has been able to maintain its status as one of the coins to watch during crypto bull runs, as it typically experiences wild spikes. This time has been no different, with Solana seeing an approximate 50% price increase over the past two weeks
Analysts have been making ambitious price targets of $600 and even $1,400. However, Discover Crypto, a crypto YouTube channel that has more than $1.3 million subscribers thinks it is better to get prediction ideas from the smart money—investors who typically have a pulse on the market.
Solana Price Predictions Based on MV Global Survey
The analyst in the video discussed the MV Global survey, which polled 76 leading venture capital and hedge fund managers, and revealed critical insights into the sentiment surrounding Solana. MV Global, established in 2012, boasts an impressive track record that includes early investments in Kraken, Coinbase, Ripple, and Circle, the issuer of USDC.
Q3 or Q4 Peak in 2025
Key findings from the 2024 Investment Manager Survey indicate that nearly half of the respondents anticipate Solana’s peak occurring in the latter half of 2025. This suggests a strong likelihood of a market top around Q3 or Q4 of next year.
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30% See a Spike Above $600
Moreover, over 30% of those surveyed predict that Solana could soar beyond $600. This sentiment is backed by a diverse pool of respondents, primarily from venture funds, alongside hedge fund managers and high-net-worth individuals.
Solana to Outperform Ethereum and Bitcoin
A notable consensus is emerging: both Ethereum (ETH) and Solana are expected to outperform Bitcoin this cycle. However, analysts point to Solana as having significantly more upside potential. The survey data shows that only about 24.6% of respondents believe Solana will fail to surpass $300, while the majority are optimistic about reaching $300 and beyond.
$600 Looks Realistic
The most frequent predictions cluster around the $600 mark, followed by ranges of $450 to $600 and $300 to $450. A particularly bullish remark from a VC fund analyst highlights the prevailing sentiment: the belief that Solana will outperform Ethereum this cycle is so widespread that it raises concerns.
Breakout Expected to Trigger Major Gains
When examining the charts, a bullish trend is evident. The analysis suggests that the recent breakout from a consolidation pattern could lead to substantial gains. The concept of a bull flag pennant is particularly relevant here, characterized by a flagpole and a breakout level derived from its measurements.
Expectations for Solana reaching around $369 this cycle appear plausible, with more conservative estimates still indicating prices above $300. The market’s potential remains ripe for speculation: could Solana breach $500 or even reach astronomical heights like $1,000?
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