Slowly, but surely, crypto markets are showing the signs of the most promising recovery of the ongoing ‘Crypto Winter’. Solana (SOL), Ethereum (ETH), and Binance Coin (BNB) are among the large-cap altcoins.
Solana (SOL) is 40% up in seven days
Solana (SOL), the ninth largest cryptocurrency by market capitalization, is the only altcoin besides Ethereum (ETH) that increased its price by more than 33% in the last seven days.
Image by CoinGecko
It is only outperformed by Ethereum (ETH), a second cryptocurrency, that received a huge catalyst when its devs decided to announce The Merge date. Ethereum (ETH) is going to migrate towards Proof-of-Stake (PoS) in mid-September, 2022.
Bitcoin (BTC), XRP, Cardano (ADA) and other large-caps besides Dogecoin (DOGE) and stablecoins also printed double-digit gains.
Upcoming Solana’s (SOL) smartphone release made headlines
Solana’s SOL marvelous upsurge can be attributed to a group of factors. However, the release of Saga, a crypto-centric smartphone with a software development kit for Solana (SOL) nodes, is definitely the most powerful of them.
As covered by GetBlock previously, Solana’s Saga phone will have built-in crypto payments and NFTs functionality. Its SDK is also set to open mobile-first blockchain development for the next generation of Web3 builders. As such, Solana (SOL) nodes can on-board new decentralized applications in Q3, 2022.
🧵July 18, 2022
Solana's Mobile "Saga" phone could possibly be the most bullish thing to EVER happen to crypto.
Why do I say that?
Everything you need to know in 5 minutes. 👇 pic.twitter.com/qDiLlSsQmo
Some analysts even pointed out that the release of the phone might be a crucial milestone for Web3 adoption as a whole.
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