New Solana Phone Sees High Demand as SOL Volatility Increases, One DeFi Altcoin Presale Catches the Attention of Traders

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Solana (SOL) is back in the news, but not for its price movements. Solana Mobile, a subsidiary of Solana Labs, has just unveiled its second crypto-centric smartphone, ‘Seeker,’ to be released in 2025.

That is not Solana’s first venture into the mobile phone and tech industry, as ‘Seeker’ is an advanced version of the previously developed ‘Saga.’

While this move has generated excitement, it seems some investors haven’t bought into the hype. Many are shifting their attention instead to promising altcoins like RCO Finance (RCOF), which has the potential for significant growth in the DeFi space.

During the Token 2049 conference, Solana announced exciting updates to their mobile device development, promising to deliver “More for Less.” This development has caught the eye of crypto and tech enthusiasts alike. With over 140,000 preorders already, demand is outpacing expectations.

The Solana device is designed to work directly with the blockchain. It features a Seed Vault for enhanced asset security and an improved store for dApps.

This development caused Solana’s price to shoot by over 5% within the past 24 hours. Market analysts are forecasting potential price fluctuations for SOL, with short-term projections between $150 and $172.

This expected volatility presents risks and opportunities for traders engaging with dynamic price movements. However, large-cap tokens like Solana often offer less potential for price explosion, leading some to look for altcoins and ICOs with lower market caps and strong fundamentals.

While Solana continues to capture