Since the past few months, Solana has marked significant milestones, as per a recent piece of information the blockchain and cryptocurrency giant is ready to launch its second blockchain-focused phone in 2025.
The move to launch a second mobile came following the massive success of the previously launched Saga mobile, also intended to improve the overall Web3 experience of its users.
Based on the Solana Saga, Solana has stated that it will release its second blockchain mobile device in the middle of 2025. It is designed to include some of the greatest capabilities for the expanding Web3 community.
The upcoming mobile of Solana will feature a Seed Vault Wallet in collaboration with Solflare to bolster the flaws in the previous mobile. A particular collection of apps pertaining to DeFi, gaming, NFT, and AI has been added to the updated Solana dApp Store 2.0.
Additional information states that the yet-to-be-launched Solana mobile will have better camera quality, a top-notch display with improved resolution, and battery life.
In comparison to its previous version the phone will have a slimmer body and the size of the phone will be comparatively smaller than the Saga mobile. The to-be-launched mobile is named as ‘Seeker Mobile,’ and the price fixed for the sale is $500, till date the mobile has been pre-ordered by 145,000 customers.
Will Solana reach $300 in the coming sessions?
At the time of writing, Solana was trading at $197.62 with an intraday decline of 8.71 percent, and in the past 30 days, its prices saw a loss of 13.57 percent.
It is worth noting that Solana’s price has registered a growth of 118 percent in the past 52 weeks. The market capitalization of SOL has lost 8.80 percent in the past 24 hours reaching $95.55 billion.
At the same time, the trading volume of Solana has reached $5.63 billion with a growth of 77.28 percent intraday. SOL’s highest recorded trading price in the past 52 weeks is $263.83 and its lowest traded at $79.07.
Until publishing, Solana was trading above 200 and 100 days exponential moving average, at the same time below 20 and 50 days EMA.
It’s difficult to forecast a precise $300 price objective for the upcoming sessions. However, a possible bounce to $220 or perhaps $240 might occur if Solana’s bullish momentum persists and the $200 support level holds.
The Solana TVL hit 42.5 million SOL on October 26, the greatest level since September 2022. To the Solana TVL surge, Jupiter, Radium, and Sanctum contributed 13%, 18%, and 17%, respectively.
According to these figures, Solana has surpassed BNB to become the second-largest blockchain in terms of TVL. However, in this regard, the difference between Ethereum and Solana has been narrowing in recent years.
With a 19% rise in decentralized exchange (DEX) volumes over the last seven days, Solana continues to be the finest blockchain in this regard. While BNB saw a 5% rise in activity, Ethereum DEX saw a 6% increase.
