Solana (SOL) emerged as one of the biggest gaining cryptos in the year 2023. SOL is still up by 300% in the last 90 days. Solana is trading at an average price of $95, at the press time.
Last year turned out to be a massive year for Solana with the launch of its flagship SAGA mobile. Its entry into the market eventually helped the meme token BONK to print multi fold gains. However, now the blockchain firm is reportedly looking to launch a second mobile in the series.
Solana Mobile launch, when?
According to reports, Solana Mobile the tech company behind the Saga smartphone is gearing up to launch a second crypto-ready phone. It is expected that the upcoming device will be similar to its predecessor. It will also feature an onboard crypto wallet, custom Android software, and a “dApp store” for crypto applications.
It added that the new phone aims to be more budget-friendly and will have different hardware specifications. While the original Saga smartphone was initially priced at $1000, its cost later dropped due to challenges in sales.
It is important to note that the impending release of the new Solana Mobile phone could potentially trigger a demand on the secondary market for existing Saga smartphones.
Earlier, it was reported that factory-sealed Saga devices attracted bids as high as $3,200 on eBay. This made a massive increase from their value weeks ago.
Struggle ahead?
Saga’s initial struggle to find a substantial market changed dramatically when crypto enthusiasts discovered that the phone came with an allocation of BONK tokens, surpassing the device’s price. This revelation led to the rapid sellout of the Saga within a week.
In the same month, Saga phones continued to yield benefits for owners, with various projects conducting airdrops of valuable tokens and NFTs to the 15,000 devices in circulation. These airdrops not only strengthened the Saga community but also encouraged more Solana developers to explore the creation of mobile applications.
Despite the success and heightened demand for Saga phones, Solana Mobile faces challenges meeting orders due to inventory management issues with a third-party distributor. The company highlighted inaccuracies in representing available stock, preventing the fulfillment of orders placed after inventory depletion.
The orders flagged for suspicious activity, such as those involving excessive device quantities or payment risks, were canceled. Solana Mobile’s decision to launch a new smartphone indicates a strategic move to capitalize on the popularity of its crypto-ready devices, offering users a more affordable option with updated features.
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