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Solana Launches Crypto Smartphone, Market Uptrend Hikes SOL

Solano shows an uptrend of 7.68% in the past 24 hours. Besides this, Solana has launched its own crypto smartphone — Saga. This crypto smartphone will feature high-tech Web3...
Solana Launches Crypto Smartphone, Market Uptrend Hikes SOL Solana Launches Crypto Smartphone, Market Uptrend Hikes SOL

    • Solano shows an uptrend of 7.68% in the past 24 hours.
    • Besides this, Solana has launched its own crypto smartphone — Saga.
    • This crypto smartphone will feature high-tech Web3 elements.

The price of Solana (SOL) currently trends, with a 7.68% and 25.10% hike in the past 24 hours and the past week, respectively. The coin trades at $38.52 at the time of writing.

One of the reasons for this hike is that the crypto market has surged by 3.6%. Another reason might be the launch of Solana’s crypto smartphone, the “Saga” phone.

On June 23, Anatoly Yakovenko, CEO of Solana Labs, announced in New York the launch of a new Saga phone and a software development kit for Web3 programs called Solana Mobile Stack (SMS).

Yakovenko explained that this new crypto smartphone will have an approximate price of $1,000. Also, the smartphone will be available in the market early next year.

In detail, the SMS will feature a Web3 decentralized app (dapp) store, a mobile wallet called “Solana Pay,” an easy, platform-wide transaction signing option, and a seed vault for securing private keys in the phone.

It is worth noting that a few other companies had earlier initiated their blockchain/crypto smartphones. This includes the Exodus line by HTC, KalytnPhone by Samsung (KS:005930), and Sirin Labs’ Finney phone. But, Solana’s Saga is claimed to be the most successful among these.

Speaking of the price analysis of SOL, since June 17, the coin has been signaling trendline support, with a slight dip on June 22. But, after this dip, SOL gained more power to continue the uptrend. If the coin follows this movement, it could cross its minor resistance level of $54.6.

Moreover, since May 10, SOL has been down by 44.43%, a steep fall from $74 to its current price of $38.52. The coin could overcome this downfall only if it moves above the $54.6 resistance level.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CQ. No information in this article should be interpreted as investment advice. CQ encourages all users to do their own research before investing in cryptocurrencies.

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08-07-2022 00:04:04 (UTC+7)

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EUR/USD

1.0158

-0.0023 (-0.23%)

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136.01

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0.6837

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1.2984

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138.15

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1,766.95

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 EUR/USD1.0158Buy
 GBP/USD1.2011↑ Buy
 USD/JPY136.01↑ Buy
 AUD/USD0.6837Neutral
 USD/CAD1.2984↑ Sell
 EUR/JPY138.15↑ Buy
 EUR/CHF0.9890↑ Sell
 Gold1,741.00↑ Buy
 Silver19.223↑ Sell
 Copper3.5645↑ Sell
 Crude Oil WTI103.84↑ Buy
 Brent Oil105.70Neutral
 Natural Gas6.369↑ Buy
 US Coffee C218.55↑ Sell
 Euro Stoxx 503,488.50↑ Sell
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 DAX12,843.22Neutral
 FTSE 1007,189.08↑ Sell
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 Small Cap 20001,766.95↑ Buy
 IBEX 358,122.50↑ Buy
 BASF41.300↑ Buy
 Bayer56.59Sell
 Allianz178.46Buy
 Adidas169.28↑ Buy
 Lufthansa5.764↑ Buy
 Siemens AG97.71↑ Buy
 Deutsche Bank AG7.983↑ Sell
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