March 27, 2024
Solana's Chapter 2 Phone 30K Preorders in 30 Hours
Altcoins News

Solana’s Chapter 2 Phone: 30K Preorders in 30 Hours

The Solana network is set to broaden its influence by introducing a new mobile phone, and the collective response from consumers has been extraordinary. Anticipating the launch of the Solana-powered mobile phone, customers have pre-ordered thousands of units in less than 48 hours.

Taking to social media platform X to showcase the recently achieved milestone, Solana highlights the surge in demand, emphasizing its commitment to expanding Web3 accessibility globally.

“Within the first 30 hours, we received 30,000 preorders—a small step towards realizing our goal of making Web3 universally accessible. Your trust in our vision is invaluable, and we’re just getting started,” the network announced.

It’s worth noting that Solana had previously launched Saga, its inaugural mobile phone, which quickly sold out. The upcoming release of the new phone, named Chapter 2, aims to cater to cost-conscious users as it is priced lower than its predecessor.

Chapter 2 preorders have not only surpassed Saga’s 13 months of sales but also signify a continued uptrend in Web3 adoption.

While Saga was priced at $599, Chapter 2 will be available for $450, offering similar features. The device will include an integrated crypto wallet, a seed value, and a dApp store. According to a Solana spokesperson, shipments are expected to commence in the first quarter of 2025.

In the current cryptocurrency market scenario, where most leading assets are experiencing weekly price declines, Sol (SOL) is no exception, with a 6.83% and 5.93% decrease over the last 24 hours and 7 days, respectively.

Trading at $94.14 at the time of reporting, SOL is at a critical position and may continue to trade downward until a notable upward correction by the bulls. Trading volume has also decreased by over 16% at this time.

Despite the current market trends, experts such as Henrik Zeberg and Raoul Pal maintain a bullish outlook for SOL. These observers, after thorough analysis, concur that SOL’s prospects are positive.

Expanding on their optimism, the co-founder of Glassnode presented a compelling argument for SOL, suggesting that the SOL/ETH ratio could rise to approximately 0.76 from the current level of around 0.14. In simpler terms, SOL may outperform ETH by 4-5 times as the crypto market advances.

Image by Solana

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