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According to a source close to the subject, Solana Mobile is preparing to launch a second smartphone following the unexpected success of its first crypto-based smartphone. The upcoming new generation smartphone is expected to have the same key features as its predecessor named Saga, including an integrated cryptocurrency wallet, customized Android software, and a “decentralized app store” for cryptocurrency applications.
Saga Mobile 2.0 Expected to Be More Affordable
Solana’s new smartphone is expected to be more affordable and include different hardware features compared to its predecessor. The Saga Mobile 1.0 phone was launched last year at a price of one thousand dollars, and due to sales not reaching expected levels, a price reduction was necessary.
Solana’s new smartphone is expected to meet the increasing demand for the scarcely available Saga smartphone in the secondary market. Currently, a factory-sealed Saga phone can be found on eBay for three thousand two hundred dollars, which represents a fivefold price increase over the past five weeks.
Initially positioned as an experimental phone catering to cryptocurrency investors and NFT collectors on a mobile-first platform, Saga struggled to find a sufficiently large market. However, the dynamics changed dramatically when users realized that the phone offered a Bonk (BOKN) token AirDrop that exceeded the cost of the phone, leading to Saga’s stocks in the US being sold out within just a week.
In the month following the stock depletion, it continued to be profitable for Saga owners, with highly valuable tokens and NFTs being distributed via AirDrop from various projects. The AirDrops not only strengthened the Saga community but also inspired more Solana developers to create mobile applications.
Will SOL’s Price Rally Start Again?
Despite this activity on the Solana Mobile side, the price of Solana’s SOL has been hovering around the 100 dollar level for nearly the last month. At the time this article was prepared, SOL is trading at 95.77 dollars with a market value of 41.4 billion dollars. Despite the current selling pressure, Solana investors are quickly absorbing the supply below 90 dollars, leading to the formation of lower-priced rejection candles. This scenario increases the potential for either a double bottom formation or a flag formation, indicating a potential rise.
If the price of the altcoin surpasses the 100 dollar threshold again, a resumption of the uptrend and a rise towards 120 dollars, even up to 150 dollars, can be expected.
