Solana Mobile Set to Release Second Smartphone
According to a source familiar with the matter, Solana Mobile is planning to launch a second smartphone following the success of its initial crypto-ready device, Saga. The upcoming phone will have similar features, including an integrated crypto wallet, customized Android software, and a “dApp store” for crypto applications.
A More Affordable Option
The new Solana Mobile phone aims to be more affordable and will come with different hardware specifications. The original phone debuted at $1000 but experienced price reductions due to slow sales.
Addressing Surging Demand
The introduction of the new phone is expected to meet the increasing demand for Saga smartphones in the secondary market. Factory-sealed Saga devices are currently attracting bids of $3,200 on eBay, indicating a significant increase in value.
Unexpected Success
Saga initially targeted crypto traders and NFT collectors but struggled to find a large market. However, when users discovered that the phone included an allocation of BONK tokens that exceeded its cost, it quickly sold out. Owners of Saga phones have also received valuable token and NFT airdrops from various projects.
Potential SOL Price Rally
The price of Solana (SOL) has been consolidating below $100 for about a month after reaching a peak of $122 in December 2023. However, buyers are absorbing available supply below $90, indicating potential for a bullish reversal. If the SOL price surpasses $100, it may encounter resistance levels at $120 and $150.
Hot Take: Solana Mobile Expands Its Product Line with Second Smartphone
Solana Mobile’s decision to release a second smartphone demonstrates the success and demand for its initial crypto-ready device. The new phone aims to be more affordable while retaining the core features of its predecessor. This expansion is expected to address the surging demand in the secondary market for Saga smartphones, which have seen a significant increase in value. Additionally, Solana Mobile’s unexpected success with the Saga phone has not only attracted users but also inspired more developers to explore mobile applications on the Solana platform. As the SOL price consolidates, there is potential for a bullish rally if key resistance levels are surpassed.
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