- Ahead of the Solana Mobile launch, the network has recorded 30,000 preorders in less than 2 days of the announcement.
- The market expert makes bold SOL predictions despite the current bearish performance.
The Solana network, in an attempt to broaden its reach, is set to launch a new mobile phone and the collective response from consumers has been groundbreaking. In anticipation of the release of the mobile phone powered by Solana, consumers have pre-ordered thousands of phones in under 2 days.
Taking to X to highlight the recently attained milestone, Solana spotlights the increase in demand for its customer base. The network added that the milestone is helping to further its goal of making Web3 accessible on a global scale.
“30,000 preorders in the first 30 hours. It’s a small step towards realizing our goal of making web3 universally accessible. Your faith in our vision means the world to us. We’re just getting started.” The network wrote.
30,000 preorders in the first 30 hours.
It’s small step towards realizing our goal of making web3 universally accessible.
Your faith in our vision means the world to us. We’re just getting started
Preorder now
https://t.co/nYR9apGGIT https://t.co/HUYKYd1aHF
— Solana Mobile
(@solanamobile) January 18, 2024
Recall that Solana previously launched Saga, the first mobile phone, which sold out swiftly. The upcoming launch of the new phone, named Chapter 2, is intended to serve users looking to cut costs as it is priced cheaper than the former.
Not only have Chapter 2 preorders surpassed the 13 months of sales recorded for Saga, but the new phone implies that adoption for Web3 is still rising.
While Saga sold for $599, Chapter 2 will be selling for $450 and will come with similar features as the former phone. An in-built crypto wallet, a seed value, and a dApp store will be integrated into the device. According to a spokesperson at Solana, the device is expected to ship within the first quarter of 2025.
Market experts speak on SOL’s near-term potential
At report time, the cryptocurrency market is largely trading in the red zone, with the majority of the leading assets recording a weekly price decline. Sol is also not an exception as the altcoin has lost 6.83% and 5.93% over the last 24 hours and the last 7 days respectively.
Trading at a press time price of $94.14, SOL is in a very crucial position and could potentially continue to trade downwards until the bulls make a notable upward correction. Trading volume is also down by more than 16% at this time.
Meanwhile, market experts are holding a bullish position for SOL. Henrik Zeberg and Raoul Pal are two observers holding a bullish position for SOL. After going back and forth about the asset, they both conclude that SOL is bullish.
Expanding on their position, the co-founder of Glassnode made an even more compelling argument for SOL, saying the following;
“They [Henrik Zeberg and Raoul Pal] both agreed it looks BULLISH. But – just how much could the ratio rally? This chart suggests, that the SOLETH ratio could rise to ~0.76 from current level of ~0.14. In other words, SOL may outperform ETH by 4-5X into the Crypto top. And Ethereum is going to rally by itself also.”
We all watched @HenrikZeberg and @RaoulGMI talking on @cryptomanran Banter Show about SOL-ETH ratio.
They both agreed it looks BULLISH.
But – just how much could the ratio rally?
This chart suggests, that the #SOLETH ratio could rise to ~0.76 from current level of ~0.14.
In… pic.twitter.com/JQOD8ImN1Z
— 𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰 (@Negentropic_) January 17, 2024
