Solana Cellular is ready to launch a second smartphone, constructing on the surprising success of its preliminary crypto-ready gadget, in response to a supply aware of the matter. The upcoming telephone will retain the core options of its predecessor, named Saga, together with an built-in crypto pockets, custom-made Android software program, and a “dApp retailer” for crypto purposes.
What’s New With Solana Cellular 2.0?
Nonetheless, the brand new telephone goals to be extra inexpensive and can incorporate totally different {hardware} specs. Whereas the unique telephone debuted at $1000 final 12 months, it skilled worth reductions on account of sluggish gross sales.
The introduction of the brand new Solana Cell phone is prone to deal with the surging demand within the secondary marketplace for the scarce current Saga smartphones. At the moment, a factory-sealed Saga gadget is attracting bids of $3,200 on eBay, marking a fivefold enhance in its worth over the previous 5 weeks.
Initially positioned as an experimental telephone catering to crypto merchants and NFT collectors in a mobile-first platform, Saga confronted challenges in finding a sufficiently large market. Nonetheless, the dynamics modified dramatically when customers realized the telephone included an allocation of BONK tokens, surpassing the gadget’s price. Inside per week, the Saga utterly bought out.
Over the following month, Saga telephones continued to show profitable for his or her homeowners, receiving airdrops of precious tokens and NFTs from varied tasks. These airdrops not solely strengthened the Saga group but in addition impressed extra Solana builders to discover the creation of cellular purposes. Upon reaching out by CoinDesk, a consultant of Solana Cellular refused to remark.
SOL Worth Rally to Kickstart Once more?
For nearly a month’s time, the Solana (SOL) worth has been transferring sideways and staying below $100, after hitting a peak of $122 in December 2023. As of press time, Solana (SOL) is buying and selling at $95.77 with a market cap of $41.4 billion.
Regardless of the prevailing promoting strain, Solana patrons in motion are promptly absorbing the obtainable provide under $90, ensuing within the formation of lower cost rejection candles. This situation heightens the potential for a bullish reversal, both within the form of a double-bottom sample or a bullish reversal throughout the flag sample.
Within the occasion that the SOL worth surpasses the $100 threshold, the bullish development may encounter vital resistance ranges at $120 and $150.
The put up Solana Plans to Unveil New Mobile Phone, Will SOL Price Rally? appeared first on CoinGape.