Solana Mobile Presents New Web3 Smartphone

Solana Mobile, which has already scored success with its first crypto-friendly smartphone, is now planning to launch a second phone. This new smartphone is made more affordable, responding to high market demand. Like its predecessor, the Saga, the phone will come with special features such as an integrated crypto wallet, customized Android software, and a dApp app store for crypto-based apps.

Innovations in Solana Mobile 2.0

With a wider target market, Solana Mobile 2.0 will come with different specifications and a more economical price compared to the first model which was priced at $1000. This price reduction aims to attract more buyers, especially after the price reduction experienced by the first model due to unsatisfactory sales.

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In the secondary market, the Saga smartphone from Solana Mobile shows an encouraging trend. Sealed devices are selling for up to $3,200 on eBay, a fivefold increase in five weeks, indicating high interest in the product.

The Saga smartphone was initially targeted at crypto traders and NFT collectors. Although it initially faced challenges in attracting a large market, the situation changed when it was revealed that the phone included the BONK token. The existence of this token, whose value exceeds the price of a cellphone, made Saga sell well within a week.

Furthermore, Saga phones continue to provide benefits to their owners through airdrops of valuable tokens and NFTs. This not only strengthens the Solana Mobile community but also encourages developers to create more mobile applications in the Solana ecosystem.

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Impact on SOL Price

Currently, the Solana (SOL) coin price is flat, remaining below $100, after previously reaching a peak of $122 in December 2023. SOL is currently trading at $95.77 with a market cap of $41.4 billion.

Despite the selling pressure, there appears to be active buying of SOL below $90, creating a candle pattern indicating a rejection of the low, which could be an early indicator of a bullish trend. If SOL manages to cross $100, the next resistance levels are at $120 and $150.

The launch of the more affordable Solana Mobile 2.0 smartphone has the potential to increase interest in the Solana ecosystem, which could provide a positive boost to the price of SOL.

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DISCLAIMER:  This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.