- Ethereum started its resurgence in 2023, while competitor Solana kicked off the weekend with 30% overnight gains.
- Solana Mobile announced the pre-order and mint of Saga Pass, a rewards program for users.
- Solana Mobile’s team revealed that the airdrop mechanics for the project are unique and will keep holders guessing.
Ethereum network’s competitor Solana has witnessed a resurgence in its price. The team of Solana Mobile announced rewards for holders of the Saga Pass, a limited-release NFT. Solana Mobile is now accepting pre-orders for the digital collectible.
Also read: Solana blockchain activity remains high despite FTX exchange’s Chapter 11 proceedings
Ethereum competitor Solana yields double-digit gains to holders overnight
Solana is one of the largest smart contract networks and a competitor for Ethereum. The network announced the launch of a web-3 focused phone Solana Mobile called “Saga”, an Android phone that enables traders to trade, mint NFTs and instantly access Decentralized Applications (dApps) on the Solana Network.
The team behind Solana Mobile announced the launch of Saga Pass, a limited release digital collectible that offers a unique and rewarding experience to holders. Users who pre-ordered Saga but don’t have the NFT yet were recently offered a chance to mint a version of their pass.
Let’s talk Saga Pass, and what’s coming up.
— Solana Mobile (@solanamobile) January 13, 2023
1. Saga Pass rewards are coming for OG holders. Imminently.
2. After, everyone that pre-ordered Saga but doesn't have one yet will have a chance to mint a version of Saga Pass.
The earlier you pre-order and mint, the better. pic.twitter.com/Yk5gvR4Rat
Solana Mobile’s team revealed Saga Pass rewards for holders of the limited edition collectible. Saga Pass is designed uniquely for a superior Web3 experience. The airdrop mechanics are unique and the team described it as:
Some will keep you guessing. We'll reveal more and more of this story leading up to launch. It's going to be fun. Strap in.
Experts believe there is one Saga pass for each Saga and the phone’s key utility is the “Seed Vault” that securely holds the seed phrase for users.
Saga's Seed Vault is revolutionary.
— Solana Mobile (@solanamobile) January 12, 2023
Embedded in the phone, Seed Vault keeps your seed phrase away from prying eyes — or other applications.
Let's deep dive.
1/7 pic.twitter.com/tmmbrYNvkP
SOL price continues yielding massive gains, offering 30.3% returns to holders in the 24 hour period between January 13 and 14, 2022. Experts believe the Ethereum-killer is primed for further gains in the ongoing altcoin rally.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks
Celebrity meme coins controversy continues amid Pump.fun revenue dominance
![Celebrity meme coins controversy continues amid Pump.fun revenue dominance](https://editorial.fxstreet.com/images/Resources/CryptoWorldSEO3_XtraSmall.jpg)
Pump.fun outperformed the Ethereum blockchain on Tuesday after raking in $1.99 million. Following this achievement, a meme coin based on actress Sydney Sweeney was the subject of controversy after its developers dumped their bags on investors.
PEPE's on-chain metrics indicate potential rally after weeks of silence
![PEPE's on-chain metrics indicate potential rally after weeks of silence](https://editorial.fxstreet.com/images/Markets/Currencies/Cryptocurrencies/PEPE/PEPE_coin_XtraSmall.jpg)
PEPE has struggled to see any significant price move after reaching an all-time high in May. Increased adoption rate and low MVRV ratio indicate a bullish run may be on the horizon. A single PEPE outflow from Binance worth $14.7 million gives credence to signs of bullish expectation.
Ethereum has failed to overcome key resistance despite bullish sentiment surrounding ETH ETF
![Ethereum has failed to overcome key resistance despite bullish sentiment surrounding ETH ETF](https://editorial.fxstreet.com/images/Markets/Currencies/Digital%20Currencies/Ethereum/ethereum_2_XtraSmall.jpg)
Ethereum (ETH) is down more than 1.4% on Tuesday following another ETH sale from the Ethereum Foundation. Meanwhile, crypto exchange Gemini's recent report reveals that ETH ETF could see about $5 billion in net inflows within six months of launch.
Crypto community blasts Polkadot following report of treasury spending
![Crypto community blasts Polkadot following report of treasury spending](https://editorial.fxstreet.com/images/Markets/Currencies/Cryptocurrencies/Polkadot/polkadot-150x150logo-637399979978734311_XtraSmall.png)
Polkadot reports $87 million of treasury spending during H1. Crypto community members expressed harsh feelings toward the DOT team's high spending. DOT is up more than 2% in the past 24 hours but risks correction following the report.
Bitcoin: BTC price correction could end in July, according to seasonal data
![Bitcoin: BTC price correction could end in July, according to seasonal data](https://editorial.fxstreet.com/images/Markets/Currencies/Digital%20Currencies/Bitcoin/bitcoin_5_XtraSmall.jpg)
Bitcoin (BTC) price appears poised for a decline this week, influenced by slight outflows in US spot ETFs, selling activity among BTC miners, and a combined transfer of 4,690.28 BTC to centralized exchanges by the US and German governments.