The year 2024 witnesses a spectacular comeback of Solana – a layer-1 blockchain once doubted in the cold crypto market. From resolving technical issues, bursting user growth, to promoting new trends like meme coins and DePIN (Decentralized Infrastructure Projects), Solana has proven its strength.

1. Solana Goes Against the Tide: From Recession to New Heights

Once plummeting to $8 after the collapse of FTX in 2022, $SOL has made a strong comeback with a growth of over 275% this year, peaking at $263 at the end of November. Although the price has dropped 17% from its peak, Solana still ranks 5th in market capitalization.

Aptos has teamed up with Jambo Technology to introduce an affordable Web3 smartphone called JamboPhone in developing regions.
Cryptos Headlines Token Airdrop Is Live, Claim 5000 CHT Token Free On CryptosHeadlinesToken.com

This smartphone, dubbed “a bridge to the Aptos ecosystem,” comes equipped with pre-installed apps such as the Petra Aptos wallet and Jambo App. Aptos is extending its presence by making the JamboPhone accessible in 40 countries across Africa, Southeast Asia, and Latin America.

Aptos and Jambo Technology Launch JamboPhone
Aptos, a blockchain network, is following Solana’s lead by launching a crypto and Web3 smartphone in partnership with Jambo Technology. This collaboration aims to improve Web3 access in developing regions.
The JamboPhone, priced at $99, is available in 40 countries across Africa, Southeast Asia, and Latin America. It serves as a gateway to the Aptos ecosystem, offering pre-installed apps like the Petra Aptos wallet and Jambo App, providing users with Web3 experiences including decentralized finance and gaming.
Mo Shaikh, Aptos Labs’ CEO, praised JamboTechnology and Aptos Foundation for their dedication to Web3 principles, which focus on expanding financial access and inclusion. Emerging markets, especially in Africa and Latin America, are embracing cryptocurrencies faster due to a large unbanked population and economic challenges like high inflation.
Solana’s Device Pre-Orders Surge, APT Token Prices Up, Aptos Challenges
The anticipation for Solana’s upcoming device, set to launch in 2025, surged as the company slashed the price of its latest model, driving pre-orders to high levels.
APT token prices saw a slight uptick of 2.4% on the day, reaching $10.22 at the time of writing. Over the past week, the token has recorded a 15% increase amidst the ongoing rally in crypto markets.
Cryptos Headlines Token Airdrop Is Live, Claim 5000 CHT Token Free On CryptosHeadlinesToken.com

Despite being backed by venture capital, Aptos, the blockchain network, has encountered challenges such as teething problems and outages. Additionally, Aptos has flooded the market with token unlocks, leading to price depreciation.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#Aptos #smartphone #Web3 #Bitcoin #Altcoin