Solana announces details of Seeker, the successor smartphone to the Saga

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September 19, 2024

Stephen Douglas

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Solana announces details of Seeker, the successor smartphone to the Saga
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Solana Labs revealed during the Token2049 global cryptocurrency conference that its second phone, called Seeker, will hit the market in 2025. According to Emmett Hollyer, Solana’s general manager, Seeker will be a “rewards magnet.” This is because it will offer users airdrops and exclusive deals on decentralized applications (dApps) that run directly on the device.

The launch of this new phone reinforces Solana’s strategy of integrating mobile devices into the cryptocurrency ecosystem. As Hollyer pointed out, despite the success of memecoins on the Solana network, Seeker will not be just a “memecoin phone.” The company aims to promote a broader user experience, encouraging the use of decentralized applications with a focus on security and exclusive benefits.

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According to Solana Labs, the Seeker has already accumulated 140,000 pre-orders since its initial announcement in January 2024. This demonstrates the community’s interest in this new device. Solana Labs also recently released the first images and branding details of the Seeker during the Token2049 event, further building anticipation.

In May 2023, Solana launched its first mobile phone, the Saga, which was responsible for a significant increase in the value of the SOL cryptocurrency, boosting the price by 55% in the two months following its launch. This positive performance has led to speculation that Seeker could also act as a catalyst for a new rally in the asset’s price, repeating its previous success.

Expectations for Solana Seeker Launch

Solana has been experiencing sideways movement in recent months, with the price of SOL oscillating between $110 and $210. However, technical analysis suggests that the cryptocurrency may be forming a trend reversal pattern, known as a “double bottom.” This pattern could signal a potential upward movement in the coming weeks.

If the pattern holds, Solana could seek a new target of $160, representing an increase of approximately 15% from the current price of around $139.

Furthermore, the end of the year could bring the traditional “Santa Claus rally”, a bullish phenomenon in cryptocurrencies, which could push the price of SOL towards the key resistance of $200.

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Still, the asset faces some important resistance before reaching these levels, such as the $149-$155 range, which SOL needs to overcome to continue its upward trajectory. In case of a decline, Solana finds support at $128 and then in the range between $119 and $125.

Solana announces details of Seeker, the successor smartphone to the Saga

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Solana announces details of Seeker, the successor smartphone to the Saga