Solana Cell, the corporate behind the first-ever smartphone with an built-in crypto pockets, is gearing up for its second act. In line with sources conversant in the matter, a extra reasonably priced and accessible model of the Solana Saga telephone is on the horizon, aiming to deal with each the preliminary machine’s excessive price ticket and the surging demand for crypto-centric cell 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 every week of launch, Saga telephones offered out utterly, not for his or her cutting-edge tech, however for a hidden treasure they held: an allocation of BONK tokens, a well-liked cryptocurrency on the Solana blockchain.
Solana Cell 2.0: Decrease Value, Crypto Options
This surprising perk turned Saga house owners into in a single day profit-makers, fueling a fivefold improve within the telephone’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 cell options.
Solana Cell is taking be aware. The upcoming iteration, reportedly dubbed “Solana Cell 2.0,” will retain the core options that made Saga distinctive – the devoted crypto pockets, custom-made Android software program, and a dApp retailer for decentralized functions.
Nonetheless, the brand new telephone will boast an important distinction: a considerably lower cost level. This strategic transfer goals to faucet right into a broader market past early adopters and devoted crypto lovers.
SOL at the moment buying and selling at $97.8681 on the every day chart: TradingView.com
Past affordability, the soon-to-release handset is predicted to sport completely different {hardware} specs in comparison with its predecessor. This might point out cater to a wider vary of consumer preferences and doubtlessly decrease manufacturing prices, paving the way in which for much more aggressive pricing.
The information of a extra accessible Solana telephone 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 tendencies definitely play a task, elevated curiosity in Solana Cell might provide a much-needed enhance to the SOL value.
Nonetheless, challenges stay. Competitors within the crypto-phone house is heating up, with different gamers vying for a slice of the pie. Moreover, the brand new cell 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 can be essential for sustainable success.
SOL value efficiency within the final week reveals the altcoin in crimson. Supply: Coingecko
Solana (SOL) Technical Overview
Will The New Handset Increase SOL Value?
With Solana Cell 2.0 poised for entry, the stage is ready for a high-stakes gamble. Will the brand new, accessible telephone ignite mainstream adoption and ship SOL hovering to new heights? Or will it flop, leaving Solana’s future adrift in a sea of crimson?
Solely time will inform if this gamble pays off, however one factor’s sure: the subsequent chapter in Solana’s cell odyssey guarantees to be a gripping look ahead to buyers and tech lovers alike.
Featured picture from CNET/Solana