Solana otherwise known as ticker $SOL has seen a massive rally this year simply crushing what anyone had expected. Solana has been around for a while now birthing just before the bull market started to take off. At the peak of it all SOL pushed upwards of $250 per token before crashing all the way back down to just above $10-$20 during the long 2 year bear market spanning from Jun 22 to today.
As you can see this token still has price movement along with all tokens really if we really started to kick off this bull market. We are still just a little over half way there in terms of market cap compared to where we were in the last bull run.
So now comes Solana Mobile 2 and within the first 30 hours of it's release announcement had over 30,000 preorders. Now that might not sound like a lot but when you compare it to other carriers such as google pixel which was 27 million but it also shows it does hold a decent market cap. Even if only 1 million of these things sold that's a rather decent competition to a massive company like Google.
Chapter 2 is the name of the new web3 phone that's a cheaper version from their first. By the way you can preorder this thing for $450 via their site Solana Mobile and I have to say only $450 does put it in major competition because even a old pixel 6 phone would cost you this much (granted the newest version of pixel phones is now the 8th so you're going back two major generations of the phone to compare to this one.
The phone is based on the android, has a built in crypto wallet a seed fault and a dapp store for decentralized applications. What's really wild though is this things not even going to start shipping until the first half of 2025! That's a year away.
The big plus on this is it's creating a storefront for mobile users and application developers to add their products to removing the massive store fees that come with the likes of apple. This is what most likely gives Solana a leading edge and could be what turns it into a powerhouse of a blockchain being it could have million of phone users tapping into their apps making it a win win for applications and for users/token holders.
Also don't forget that SOL pays out a rather hearty APR on their token being staked of a little over 5% APR at the moment. Meaning if you held 1,000 SOL and staked it you'd earn about 50 $SOL per year.
It honestly looks like Solana is on to something here. However what's going to be the tricky part is once it becomes more popular how much are governments going to now crack down on selling of these types of phones. In any case Solana is gearing up to be a power house in the mobile world which is where over 90% of people live. Don't believe me? Have a website? check the stats and see just how much of your traffic is mobile over PC.
