Solana Is Making a New Crypto Smartphone
The long-awaited sales success of Solana Saga has affected the developers' plans to release a new crypto smartphone.
The Solana Mobile team has unveiled plans to release a second smartphone. The new product will be cheaper than the previous one and will be launched in the first half of 2025 with a limited edition.
As recently as a month ago, developers were complaining about not being able to sell out Solana Saga. The smartphone had been selling at $1,000 a piece for a while. Low sales caused the final price to be cut almost in half. The founders of Solana even started to disassociate themselves from the failed product. However, the low sales situation quickly changed when smartphone users discovered that Solana Saga owners were getting free Solana-based tokens. As a result, token prices skyrocketed in the end of 2023, with all Solana Saga phones sold out.
The Saga is SOLD OUT!
— Solana Mobile 🌱 (@solanamobile) December 16, 2023
Words cannot describe how much we appreciate your support. We are nothing without this amazing community 🫂
While these past few days will be cemented in our history, we’re excited for the future 🫡
Stay tuned ✨ pic.twitter.com/KJje8lBDLL
According to Solana Mobile, the launch of the new smartphone will be the result of high demand from both regular users and Solana developers, who are eager to support the entire ecosystem. With the new version of the smartphone, the company hopes to continue realizing its vision of popularizing cryptocurrencies and the entire Web3 space. The new product will retain the core features of Solana Saga, including an integrated cryptocurrency wallet and decentralized app store. Its price will be lower than the first version of the smartphone.
How will this affect SOL's price?
SOL has gained 4.81% in the last 24 hours and was trading at $101.75 at the time of writing. From a technical point of view, the asset has reversed to a bullish trend. If the bulls manage to keep the token above $100, it will continue its growth and may face serious resistance levels at $120 and $150.
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However, experts say that at the moment there is a fierce battle between sellers and buyers on the market, which has led to significant liquidation on both sides totaling $5 million. That the price may continue its downtrend is indicated by the decreased commissions online.
This is not a 100 percent statement. The cryptocurrency market is very volatile and unpredictable. Remember the importance of DYOR.
