Solana (SOL) Witnesses 8% Surge as Co-Founder Anatoly Yakovenko Unveils Saga Phone’s Future Plans
In Brief
Solana Labs co-founder announced plans to enhance the market presence of the Saga phone, fueling the Solana (SOL) token growth by 8%.
Solana Labs co-founder Anatoly Yakovenko announced plans to enhance the market presence of the Saga phone. The proposed strategy involves introducing new models and implementing initiatives, such as application improvements and store discounts.
The company aims to increase sales from the current 2,200 units to a more substantial user base, ideally between 25,000 to 50,000 units. While the current market acceptance for Solana Labs Saga phones is slow, the company remains interested in further product development.
Solana Token Reaction and Price Outlook
Against the backdrop of these developments, Solana‘s native token, SOL, demonstrated resilience in the market. Following a 7% dip earlier this week, SOL rebounded and is currently showing a 6.5% increase, trading at approximately $64.28.
Crypto analysts express optimism regarding SOL’s performance, projecting an average rate for the token by the end of December at $67.26, with potential fluctuations ranging from a minimum of $60.63 to a maximum of $73.88.
Solana maintains a robust support level at $60, complemented by a persistent buy signal from technical indicators, positioning it for an upward trajectory. However, the token may undergo temporary dips to attract fresh liquidity, supporting a potential breakout.
As Solana addresses challenges associated with its Saga phone and reveals plans for strategic market positioning, the SOL token demonstrates resilience and potential for growth, making it a notable asset to observe in the final month of 2023.
Disclaimer
In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.
About The Author
Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
More articles
Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
