Solana Mobile’s newly-announced Chapter 2 smartphone has shocked industry watchers by racking up over 30,000 preorders in its first day and a half after the unveiling.

The staggering demand vastly outpaces the original Saga phone, which sold out its entire production run of 20,000 units only after 13 months thanks to some clever crypto rewards for owners.

TLDR

Solana Mobile’s upcoming Chapter 2 phone has received over 30,000 preorders in the first 30 hours since announcement
The demand greatly exceeds the previous Saga phone, which sold out after 13 months amid crypto rewards hype
Chapter 2 will cost $450, feature similar web3 capabilities as Saga, and ship in early 2025
Despite SOL’s recent price declines, some analysts remain highly bullish on its long-term potential
The analysts predict SOL could outperform ETH by 4-5x in the next crypto cycle peak

The Chapter 2 phone will retail for $450, costing nearly $150 less than Saga’s $599 price tag. It will ship out in early 2025 and feature the same web3 capabilities, including an integrated crypto wallet, decentralized app store, and seed value. The cheaper cost aims to spur wider mainstream adoption after Saga’s smaller-than-expected initial audience.

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

Saga eventually won over crypto fanatics after projects like meme coin BONK offered token airdrops worth more than the phone’s cost. But Chapter 2 is drawing in buyers from the start without needing such incentives. The response signals surging consumer appetite for web3 devices as awareness and understanding increases.

Some market experts predict the clamor for Chapter 2 foreshadows enormous gains for Solana’s native SOL token as adoption expands. One analyst suggests SOL could ultimately outpace Ethereum’s gains by 4-5x in the next crypto bull run peak. This despite SOL declining over 5% in the past week amid overall bearish crypto sentiment.

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_) January 17, 2024

The overwhelmingly positive reception for Chapter 2 underscores Solana Mobile’s potential to bring web3 and cryptocurrencies into the mainstream through mobile technology. With innovation and cost barriers lowering, the next generation of crypto users is clearly eager to get on board a shift that believers predict will profoundly impact society.

For now, all eyes will be on whether Chapter 2’s preorder momentum translates into activation rates that eclipse the original Saga phone. But much like shocked onlookers witnessing an avalanche in motion, the speed and scale at which demand for Solana’s web3 phone vision is accumulating makes the outcome appear almost inevitable.

The post Solana Fans Scramble to Preorder Chapter 2 Phone Amid Predictions of 4-5x SOL Gains appeared first on Blockonomi.

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Filed under: Bitcoin - @ January 19, 2024 11:21 am