Solana Mobile’s newly announced Chapter 2 smartphone received over 30,000 pre-orders within the first day and a half after its release.
The huge demand far surpasses the original Saga phone, which sold out its entire production run of 20,000 units in 13 months thanks to clever cryptocurrency rewards for owners.
TLDR
- Solana Mobile’s upcoming Chapter 2 phone received more than 30,000 pre-orders in the first 30 hours after its announcement.
- Demand significantly exceeds previous Saga phones, which sold out in 13 months due to cryptocurrency rewards hype
- Chapter 2 will cost $450, have web3 features similar to Saga, and launch in early 2025.
- Despite SOL’s recent price decline, some analysts remain very optimistic about its long-term potential.
- Analysts predict that SOL could outperform ETH by 4-5 times at the peak of the next cryptocurrency cycle.
The Chapter 2 phone retails for $450, which is almost $150 less than the Saga’s $599 price. It is expected to launch in early 2025 and will offer the same web3 features, including an integrated cryptocurrency wallet, decentralized app store, and seed value. The lower cost aims to promote wider mainstream adoption, as Saga’s initial audience was smaller than expected.
30,000 pre-orders in the first 30 hours.
This is a small step toward realizing our goal of making web3 universally accessible.
Your belief in our vision means the world to us. I’m just getting started ????
Pre-order now ???? https://t.co/nYR9apGGIT https://t.co/HUYKYd1aHF
— Solana Mobile ???? (@solanamobile) January 18, 2024
Saga eventually captured the hearts of cryptocurrency fanatics after projects like meme coin BONK offered token airdrops worth more than the price of a mobile phone. However, Chapter 2 is attracting buyers from the beginning without such incentives. These responses indicate a surge in consumer appetite for web3 devices as awareness and understanding increase.
Some market experts predict that demand for Chapter 2 portends massive gains for Solana’s native SOL token as adoption expands. One analyst suggests that SOL could ultimately outpace Ethereum’s gains by 4-5x in the next cryptocurrency bull market. This is despite SOL falling more than 5% last week amid overall bearish cryptocurrency sentiment.
we all watched @HenrikZeberg and @RaoulGMI keep talking @cryptomanran A joke show about the SOL-ETH ratio.
They both agreed to be optimistic.
But – how much can rates rise?
This chart suggests: #SOLETH The ratio could rise from its current level of ~0.14 to ~0.76.
in… pic.twitter.com/JQOD8ImN1Z
— ??????????????????????????????????????????????????? ??????????????????????????????????????????????????????? ??????????????????????????????????????????????????????? ?????????????????????????????????? (@Negentropic_) January 17, 2024
The overwhelmingly positive response to Chapter 2 highlights Solana Mobile’s potential to bring web3 and cryptocurrency to the mainstream through mobile technology. As innovation and cost barriers drop, the next generation of cryptocurrency users is clearly eager to participate in the changes that some believe will have a major impact on society.
For now, all attention will be on whether Chapter 2’s pre-order momentum translates into activation rates that surpass those of the original Saga phones. But like shocked onlookers watching an avalanche move, the speed and scale at which demand for Solana’s web3 mobile phone vision is building makes the outcome seem almost inevitable.