Solana Mobile Plans to Launch Cheaper Successor to Saga Smartphone
According to a source familiar with the matter, Solana Mobile is preparing to release a second smartphone that will serve as an affordable successor to its Saga smartphone. The new device will feature updated hardware and a lower price point compared to the current Saga phone.
Saga Smartphone Successor with Similar Features
The upcoming phone will have similar features to the current Saga smartphone, including an embedded crypto wallet, customized Android software, and a dApp store for crypto applications. However, it will be available at a more affordable price and will come with new hardware. Although the original Saga phone had an initial price of $1000, low sales numbers prompted Solana Mobile to reduce the price to $400. Solana co-founder Anatoly Yakovenko expressed the need for a larger user base for developers to create and release applications.
Increased Interest in Saga Smartphone
The demand for Saga smartphones has surged recently, particularly due to the rising popularity of Solana-based meme coins like BONK. In December, Saga devices sold out as crypto holders realized the value of the BONK tokens bundled with the phone. This renewed interest has caused the secondary market prices for Saga phones to skyrocket, with factory-sealed devices fetching up to $3200 on platforms like eBay.
Community Support and Airdrops
Saga owners have received airdrops consisting of tokens and NFTs, including Saga Monkes, which now have a minimum price of $1000 in secondary marketplaces. These airdrops have strengthened the Saga community and incentivized developers to create more applications for the device. Despite the decrease in BONK token value, unopened Saga phones continue to command significant prices in secondary markets.
Hot Take: Solana Mobile Expanding its Reach
Solana Mobile’s plan to launch a cheaper successor to the Saga smartphone demonstrates its commitment to expanding its market presence. By offering a more affordable option with updated features, Solana Mobile aims to attract a larger user base and meet the demand for Saga phones. The success of the BONK token and the associated airdrops have generated considerable interest in the Saga ecosystem, further motivating developers to create innovative applications for the device. As Solana Mobile continues to listen to its community and adapt to market trends, it is poised for continued growth and success in the crypto smartphone market.
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