In the midst of the BONK meme coin frenzy, Solana Saga phones, initially overshadowed by lackluster sales, have become unexpected stars on the resale market, with one device reportedly fetching a staggering $5,000 on eBay.
According to completed listings, the Solana Saga phones, which were initially priced lower, are now consistently reselling for over $2,000.
The surge in demand reached new heights on Saturday when two phones exchanged hands for an impressive $5,000 each.
Saga phone listing. Source: Ebay
On Sunday, another phone commanded a price of $3,361.
Interestingly, these sales were completed by sellers who already possessed the device, while others are waiting for their phones to ship.
Saga phone listing. Source: Ebay
The sudden surge in popularity can be attributed to an arbitrage opportunity noticed by traders.
Originally, each Saga phone purchase included a generous airdrop of 30 million BONK tokens, a hot meme coin built on the Solana blockchain.
As the value of BONK has escalated, surpassing the initial cost of the phone itself, a fervor for the Solana Saga phones ensued.
At the time of writing on Monday, the price of the BONK meme coin was up an impressive 68% for the past seven days, and up close to 640% on a 30-day basis, trading at $ 0.00001987.
The coin is ranked as number 55 on CoinGecko’s ranking of the most valuable cryptocurrencies.
30-day BONK price chart. Source: CoinGecko
Beyond the getting access to the BONK airdrop, the Saga phone also offers additional perks, including a complimentary month of access to Helium Mobile and a free toy.
Moreover, the phone’s decentralized app (dApp) Store boasts apps that reward Saga holders with exclusive benefits and rewards, further enhancing its appeal.
$BONK $SOL #BONK #solanaphone

- Solana surpasses BNB to claim the 4th spot in crypto market cap.
- Solana's market cap surges by 21.5% in the past week, overtaking BNB.
- Pre-order sellouts of Solana phones likely boosted its price.
- Pyth DAO's on-chain approval and advancing maturity may also be factors behind Solana's rise.
In the grand scheme of the crypto landscape, the recent surge in Solana's value juxtaposed with Binance's regulatory hurdles implies a potential for Solana to maintain its lead over BNB.
Emerging from the prolonged downturn that characterized much of 2021 and parts of 2022 and 2023, the cryptocurrency market appears to be on an upward trajectory once more.
Bitcoin's ascent beyond the $50,000 threshold on February 5 has reignited optimism among traders and investors, signaling a resurgence in market activity.
Yet, amidst Bitcoin's resurgence, Solana has emerged as a formidable contender, outperforming many of its competitors.
On February 12, SOL solidified its dominance by surpassing BNB, Binance's native cryptocurrency, to claim the fourth position in terms of market capitalization, as reported by CoinMarketCap.
As of February 14, SOL boasts a market cap of approximately $50.8 billion, surpassing BNB's $49.5 billion.
This recent achievement is underscored by SOL's impressive 21.5% surge over the past week, with the coin trading at $116 at the time of reporting.
In contrast, BNB has seen a more modest 9% increase over the same period, with a price of $331 per coin.
The recent price surge of SOL can be attributed, in part, to the Pyth DAO's on-chain approval on February 6, signifying a significant milestone for the Pyth Network's maturity and decentralization.
Furthermore, the successful launch of the new Solana mobile phone has bolstered SOL's popularity, with the Solana Chapter 2 device surpassing 100,000 preorders within 30 days of its launch.
Looking ahead, despite the ongoing competition for the fourth spot, both SOL and BNB remain prominent players in the cryptocurrency market.
With the crypto market poised for further recovery and expansion, both currencies have the potential for continued upward momentum.
Currently trading at $115, Solana shows resilience, maintaining its position above the 50-day moving average and aiming for the $125 high achieved on December 25 of the previous year.
Given the regulatory challenges facing Binance, Solana appears poised to maintain its lead over BNB for the foreseeable future.
As Solana sets its sights on surpassing Tether's USDT, currently ranked third with a market cap of approximately $96 billion, achieving its all-time high or rallying by another 55.74% seems plausible.
Disclaimer: While Voice of Crypto strives to provide accurate and timely information, readers are urged to conduct their own research and exercise caution due to the highly volatile nature of cryptocurrencies.

#solana #SolanaSagaPhones #SolanSAGA #BNB #solanaphone
$SOL

Despite the growing adoption, Bitcoin remains relatively unfamiliar worldwide. Although many have probably heard about cryptocurrencies and blockchain technology, there are still numerous myths and misconceptions.This article aims to debunk some of the most common myths associated with Bitcoin. We will highlight the transparency of Bitcoin transactions, discuss the use of blockchain analytics by law enforcement, address concerns about Bitcoin’s environmental impact, and much more.IntroductionSince its creation in 2009, Bitcoin has continued to grow and captured the attention of people around the globe. However, with its rise to prominence, several myths and misconceptions have emerged. In this article, we'll debunk the top 15 myths surrounding Bitcoin, shedding light on the reality behind each one.Myth 1: Bitcoin Is Anonymous and Perfect for CriminalsContrary to popular belief, Bitcoin transactions are pseudonymous but not entirely anonymous. Most Bitcoin wallet addresses don’t have a name attached to them, but all transactions are recorded on the blockchain, which works as a transparent, public ledger. This transparency makes it challenging for criminals to operate without leaving a trace. Law enforcement agencies actively use blockchain analytics to track illicit activities, resulting in numerous successful prosecutions.Myth 2: Bitcoin Is a Ponzi SchemeBitcoin is often labeled as a Ponzi scheme, but this assertion is misleading. A Ponzi scheme involves using funds from new investors to pay existing ones, with the operator pocketing the bulk of the collected funds. Bitcoin, on the other hand, is a decentralized digital currency with genuine utility. While occasional fraudulent projects exist in every financial sector, applying the Ponzi label to the entire cryptocurrency industry is a mistake that oversimplifies a complex reality.Myth 3: Bitcoin Is Bad for the EnvironmentThe misconception that Bitcoin is inherently bad for the environment stems from its energy-intensive mining process. However, the comparison of Bitcoin's energy consumption to traditional financial systems or household appliances is often distorted. Blockchain networks consume less energy than most traditional financial systems, and the use of renewable energy sources for mining is on the rise.In a research report by Galaxy Digital in 2021, it was revealed that the energy consumption of the data centers of the leading 100 global banks exceeds more than double that of the Bitcoin network. Moreover, estimations from the World Bank and the International Energy Agency indicate that the annual electricity loss in transmission and distribution is 19.4 times higher than the energy utilized by the Bitcoin blockchain over the same period.Myth 4: Bitcoin Is Only for Tech-Savvy IndividualsBitcoin is often perceived as a complex technology accessible only to tech enthusiasts. In reality, the user interface of most Bitcoin wallets and exchanges improved significantly throughout the years. There is an increasing number of user-friendly products and guides, making crypto accessible to individuals with varying levels of experience.Myth 5: Bitcoin Has No Intrinsic ValueCritics argue that Bitcoin lacks intrinsic value, considering it a speculative asset with no tangible backing. However, the intrinsic value of Bitcoin lies in its ability to function as a decentralized and borderless form of money. Its limited supply, censorship resistance, and potential as a store of value contribute to its intrinsic worth. As more individuals and institutions recognize these qualities, Bitcoin's value proposition becomes increasingly evident.Myth 6: Bitcoin Is Too Volatile for Practical UseBitcoin's price volatility has been a point of concern, discouraging some from considering it as a viable currency. However, volatility is gradually decreasing as the market matures and institutional adoption grows. Additionally, stablecoins pegged to traditional currencies offer a less volatile option for those seeking stability while still utilizing blockchain technology.Myth 7: Bitcoin Is a Bubble That Will Burst SoonThe notion that Bitcoin is a bubble waiting to burst is a common narrative. While Bitcoin's price experiences fluctuations, labeling it as a bubble oversimplifies its role in the financial landscape. Bitcoin has shown resilience over the years, surviving numerous market corrections. Its growing acceptance and integration into mainstream financial systems indicate that Bitcoin is more than just a fleeting speculative bubble.Myth 8: Bitcoin Is Controlled by a Single EntitySome believe that a single entity or group controls Bitcoin, manipulating its price and operations. In reality, Bitcoin operates on a decentralized network of nodes and miners, preventing any single entity from exerting control. Decisions regarding the network's development are made through a consensus mechanism, ensuring a democratic and transparent governance structure.Myth 9: Bitcoin Is Only for Criminal ActivitiesBitcoin's early association with the Silk Road marketplace fueled the myth that it is primarily used for illegal activities. However, blockchain technology's transparent nature makes it an ineffective tool for criminals attempting to remain anonymous. Law enforcement agencies worldwide actively trace and prosecute individuals involved in illicit activities, dispelling the myth that Bitcoin is a haven for criminals.Myth 10: Bitcoin Will Be Rendered Obsolete by AltcoinsWhile numerous altcoins aim to challenge Bitcoin's dominance, none have succeeded in replacing it as the leading cryptocurrency. Bitcoin's first-mover advantage and established network effect contribute to its resilience. Altcoins may offer different features or use cases, but Bitcoin's decentralization and unique value proposition ensure its continued relevance in the crypto space.Myth 11: Bitcoin Is Too Expensive for Average InvestorsMany believe that investing in Bitcoin requires substantial financial resources, deterring average investors. However, Bitcoin is divisible, and investors can buy fractions of a BTC, making it accessible to individuals with varying budgets. The rise of cryptocurrency exchanges offering user-friendly interfaces further simplifies the investment process, encouraging broader participation.Myth 12: Bitcoin Transactions Are Slow and ExpensiveCritics often argue that Bitcoin transactions are slow and expensive, especially during periods of high network activity. However, advancements like the Lightning Network enable faster and more cost-effective transactions by allowing off-chain settlement. Ongoing development efforts aim to enhance Bitcoin's scalability, ensuring it remains a viable option for efficient and affordable transactions.Myth 13: Bitcoin Is Just a Speculative AssetWhile Bitcoin has garnered attention as a speculative asset, its utility extends beyond investment. Bitcoin's decentralized nature, security features, and resistance to censorship position it as a valuable tool for financial inclusion and sovereignty. As global economic uncertainties persist, Bitcoin's role as a hedge against inflation and government overreach becomes increasingly relevant.Myth 14: Bitcoin Is a Passing TrendSome dismiss Bitcoin as a passing trend, attributing its popularity to temporary hype. However, Bitcoin's endurance over more than a decade, coupled with growing institutional adoption, challenges this perception. The continued development of blockchain technology and the integration of cryptocurrencies into traditional financial systems signal that Bitcoin is here to stay.Myth 15: Bitcoin Has No Real-World Use CasesContrary to the belief that Bitcoin lacks real-world use cases, its applications are expanding across various industries. Bitcoin serves as a store of value, a medium of exchange, and a hedge against inflation. Additionally, blockchain technology can facilitate transparent supply chain management, secure cross-border transactions, and innovative solutions for financial inclusion.#NFP #BTC #BinanceWish #BONK #solanaphone