Moto 360 watch price, release date: The newly unveiled Moto 360 Watch by Motorola, which will be powered with Android Wear is rumored to be made available by the end of this month. Speculations suggest that it will be for sale by the start of the Google I/O conference. In terms of price, predictions point to a $249 price range.

Our story published a few days ago showed that consumers are seemingly excited for the gadget.

“They need to release this damn thing already!! I want!! I NEEEED!!” writes user Heimrik.

“HURRY UP MOTOROLA,” was the comment by user Raj.

Thanks to the well-received designs of Motorola, shown by its affordable Moto G and Moto E handsets, the company is gaining recognition for gadgets that are both stylish and easy on the pocket.

Specs of the Moto 360 Watch include the Android Wear, the first OS dedicated for wearables by Google. Stuff.TV said that with the Moto X and Moto G smartphones, the smartwatch would seemingly continue to prove the company’s ability to create devices that are both affordable and high quality.

Motorola did not make any official announcement on the price of the Moto 360, but the smartphone maker leaked the value of the device based on the official rules of the Moto 360 contest.

The competition “Moto 360 Design Face-Off” allows users to design their own watch face for the Moto 360 using a photoshop template. The contest’s grand prize winner gets their own Moto 360, which Google has clearly labeled as having a $249 price tag according to the rules. Nine runner-ups will receive $50 Google Play gift cards. Motorola said that it can use any winning watch faces for marketing materials as well as actual watch models.

According to Toms Guide, the Moto 360 will be one of the first watches to run Google’s Android Wear OS for wearables. The look of the 360 includes a subtle and stylish design similar to a traditional smartwatch. It has a single button on the right side that resembles the crown found on analog watches. A departure on the style of other wrist-like wearables, the Moto 360 embodies more of the traditional look and feel of a watch.

The Motorola wearable will support Google Now voice commands and will allow users to receive Hangouts messages. The company however hasn’t specified whether or not the 360 can make calls like the Samsung Galaxy Gear 2.

HTC is expected to release the HTC One Wear, which would seemingly compete directly with the Moto 360 watch.