Solana Cellular, the corporate behind the first-ever smartphone with an built-in crypto pockets, is gearing up for its second act. In keeping with sources acquainted with the matter, a extra inexpensive and accessible model of the Solana Saga cellphone is on the horizon, aiming to deal with each the preliminary gadget’s excessive price ticket and the surging demand for crypto-centric cellular experiences.
The unique Saga, launched in 2023 at a cool $1,000, confronted preliminary headwinds as a result of its hefty price ticket. Gross sales lagged, however a shocking flip of occasions modified the sport. Inside per week of launch, Saga telephones bought out utterly, not for his or her cutting-edge tech, however for a hidden treasure they held: an allocation of BONK tokens, a preferred cryptocurrency on the Solana blockchain.
Solana Cellular 2.0: Decrease Value, Crypto Options
This sudden perk turned Saga house owners into in a single day profit-makers, fueling a fivefold improve within the cellphone’s worth on the secondary market. At this time, a factory-sealed Saga fetches a staggering $3,200 on eBay, a testomony to the pent-up demand for crypto-enabled cellular options.
Solana Cellular is taking notice. The upcoming iteration, reportedly dubbed “Solana Cellular 2.0,” will retain the core options that made Saga distinctive – the devoted crypto pockets, personalized Android software program, and a dApp retailer for decentralized functions.
Nevertheless, the brand new cellphone will boast an important distinction: a considerably cheaper price level. This strategic transfer goals to faucet right into a broader market past early adopters and devoted crypto fanatics.
SOL presently buying and selling at $97.8681 on the each day chart: TradingView.com
Past affordability, the soon-to-release handset is anticipated to sport completely different {hardware} specs in comparison with its predecessor. This might point out cater to a wider vary of person preferences and probably decrease manufacturing prices, paving the best way for much more aggressive pricing.
The information of a extra accessible Solana cellphone comes amidst a interval of sideways motion for the native SOL token, which has been hovering round $95 after hitting a peak of $122 in December 2023. Whereas broader market developments actually play a task, elevated curiosity in Solana Cellular might provide a much-needed enhance to the SOL value.
Nevertheless, challenges stay. Competitors within the crypto-phone area is heating up, with different gamers vying for a slice of the pie. Moreover, the brand new cellular gadget must show its long-term imaginative and prescient. Constructing a strong ecosystem of dApps and attracting mainstream customers past the preliminary hype of token airdrops will probably be essential for sustainable success.
SOL value efficiency within the final week exhibits the altcoin in purple. Supply: Coingecko
Solana (SOL) Technical Overview
Will The New Handset Increase SOL Value?
With Solana Cellular 2.0 poised for entry, the stage is ready for a high-stakes gamble. Will the brand new, accessible cellphone ignite mainstream adoption and ship SOL hovering to new heights? Or will it flop, leaving Solana’s future adrift in a sea of purple?
Solely time will inform if this gamble pays off, however one factor’s sure: the following chapter in Solana’s cellular odyssey guarantees to be a gripping look ahead to buyers and tech fanatics alike.
Featured picture from CNET/Solana
