CDS Crypto News Strong 8% Surge: SOL Price Exceeds 78 Dollars Amid High Demand for Saga Phones in the US

Crypto News

Strong 8% Surge: SOL Price Exceeds 78 Dollars Amid High Demand for Saga Phones in the US

Solana surges past $78 with Saga phones sold out in the US as users clamor for the BONK airdrop. Now eyeing $85 as the next target.

Ecem EFE15/12/20231 Mins read413

Strong 8% Surge Sol Price Exceeds 78 Dollars Amid High Demand For Saga Phones In The Us

Crypto News- Solana (SOL) is staging a remarkable comeback, showcasing an 8% surge that propels its price to $78.04, boasting a robust market capitalization of $33.4 billion in the latest market update.

Exciting news unfolds as Solana Mobile triumphantly announces the sell-out of Saga phones in the United States. Expressing sincere gratitude for the overwhelming support received, Solana Mobile ensures its European audience that a limited number of units are still available for purchase. This accomplishment marks a significant milestone, reflecting the enthusiastic demand and positive reception from users.

Strong 8% Surge: SOL Price Exceeds 78 Dollars Amid High Demand for Saga Phones in the US

Amidst this success, Solana’s memecoin, Bonk (BONK), experiences an extraordinary surge of over 1,100% in the past month, stirring excitement among crypto enthusiasts. Owners of the Solana phone, launched on May 8, have been entitled to a free 30 million BONK airdrop, now valued at a staggering $877—surpassing the phone’s current price of $599. This unexpected arbitrage opportunity adds a fascinating dimension to the dynamic world of memecoins.

Solana co-founder Anatoly Yakavenko hints at a potential price increase for the Solana Saga phone, attributing it to heightened demand for Bonk. During a recent podcast appearance, Yakovenko acknowledged the Saga’s market challenges and disclosed his personal use of the device as an “NFT phone,” not his primary mobile device. He also teased the possibility of launching additional Saga phone models.

The SOL price rally, gaining nearly 300% in the last two months, continues to captivate the market since mid-October. Today’s rally sees SOL surpassing the critical resistance of $75, with the $77.75 level identified as a key hurdle. A successful close above this level could trigger a substantial SOL upswing, with the next significant resistance around $80 and a breach potentially propelling SOL towards $85.

Sources:coingape

Previous post What Factors Are Contributing to the Decline in the Crypto Market Today? Why Are Cryptocurrencies Experiencing a Negative Trend in Today's Market?

Next post Crypto Analysis for the Day: BTC, ETH, WOO, HNT, FTM

Written by

Ecem EFE

Since 2022, Ecem has been creating digital content, combining her passion for technology with writing. Continuing her education in the Mathematics department, Ecem focuses on producing in-depth content on areas such as blockchain, artificial intelligence, and cryptocurrency. She aims to simplify these topics and present them to a wide audience, sharing valuable insights into the crypto industry through her writing. With her innovative content, she strives to raise awareness in the digital world.