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ETH and ADA May Outperform Bitcoin in the Long Term, Augusto Backes Says

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ETH e ADA podem superar Bitcoin no longo prazo, diz Augusto Backes

Ethereum (ETH) and Cardano (ADA) are having good times in the market. And both can be serious problems for Bitcoin (BTC) in the long term, according to trader Augusto Backes.

During a broadcast on Tuesday (25), Backes talked about three cryptocurrencies… He also dismissed the view that China and Elon Musk were responsible for the recent market downturn.

About ETH and ADA

On the chart, Backes said ADA has a very short-term correlation with BTC. If the largest cryptocurrency by market value resumes its growth, the ADA could go that route.

“Cardano for $ 1.53 is cheap. It was $ 2.50 a week ago. She is in the lateralization phase. On the weekly chart, it remains in a strong uptrend. This, of course, depends entirely on BTC, ”he explained.

However, if BTC falls below its current level and reaches the next support at $ 23,000, the ADA could suffer as well. A further drop could push the price up to $ 0.50.

In this case, what Backes classifies as one of the best buy points in cryptocurrency history will be revealed.

In the case of ETH, great expectations are associated with the launch of Ethereum 2.0. However, the delay in starting the project can be a problem.

The initial deadline for full implementation is half of 2022, and this could give Cardano some market share Ethereum

Competition between the two cryptocurrencies could result in BTC, especially in the long term. For a trader, one of them may surpass the current market leader in the future.

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Support for new BTC

Backes notes that these movements, called “smart money”, can be read on the chart. Meanwhile, a small investor can take advantage of the support of these operations to make a profit.

In his analysis, he points to $ 35K, $ 22K and $ 18K regions as possible new supports for BTC. The latter also has a large number of leveraged positions that need to be settled.

Leverage fault

For Backes, the price of BTC has skyrocketed in recent months. The rise has sparked over optimism in many traders, which started to work with a strong debt load.

In addition, many brokers offer trading options with up to 100x leverage. In this scenario, small investors usually pay the highest price.

“When the market wants to get liquidity, be it large investors, funds or institutions, they are interested in the price going against the trend. They often seek to destroy young children, as this feeds the market and gives it liquidity, ”he concludes.

Read also: Investors withdraw 9.5 billion reais in Ethereum in 24 hours

Read also: Is it time to exchange cryptocurrency for bitcoins? Veteran Explains What To Do

Read also: 6 cryptocurrencies with great chances of recovery, according to a trader

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Economy

Everything has been delivered. 10 Bugatti Centodieci are already in the hands of the owners

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Everything has been delivered.  10 Bugatti Centodieci are already in the hands of the owners

OAll Bugatti Centodieci have been delivered, the Molsheim-based brand said on Monday. Cristiano Ronaldo received the number 07 in October this year. and Bugatti has now revealed that the latest unit – #10 – is already in the possession of its owner.

“The Centodieci combines all the values ​​of the Bugatti brand in an extraordinary package: rarity, innovation, heritage, craftsmanship and unrivaled performance. The production batch of 10 units was so in demand by our customers that it was sold before the Centodieci. was even officially presented,” said Christophe Piochon, president of Bugatti.

This latest example is finished in Quartz White with carbon fiber trim on the bottom and matte grilles. The brake calipers are painted in Light Blue Sport, as is the logo on the rear that refers to the EB110, the iconic Bugatti model that inspired this Centodieci. Inside, the predominant color is also blue, as you can see in the images above.

This block is powered by the same block as the other nine instances. The 8.0-liter W16 with four turbines is capable of developing 1600 hp. In terms of performance, this allows the Centodieci to hit 100 km/h in just 2.4 seconds and reach a top speed of 380 km/h.

Recall that each unit costs the owners eight million euros before taxes.

Read also: We already know when the Bugatti Centodieci fell into the hands of Ronaldo.

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Economy

The first Dacia hybrid. “The cheapest hybrid family on the market”

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The first Dacia hybrid.  "The cheapest hybrid family on the market"

BUT Dacia revealed this Monday that the hybrid engine has been available since March on the Jogger, the Romanian brand’s model known to be available with a seven-seat variant.

The Jogger Hybrid 140, Dacia’s first hybrid, will hit dealerships in March, but customers can expect and order it as early as January.

The price has been revealed by Dacia and since it’s only available in the seven-seater SL Extreme, it starts at €28,800. The brand claims it is “the most affordable hybrid family car on the market.”

Available in six existing colors to celebrate the launch of this hybrid, there will be a slate gray version, as you can see in the images above.

Equipped with a 1.6 liter four-cylinder petrol engine with 90 hp, the Jogger is also powered by two electric motors (a 50 hp engine and a high-voltage starter-generator). The total power is 140 horsepower. The electric transmission is automatic, four-speed, connected to an internal combustion engine, and two speeds are connected to an electric motor. This combined technology was possible, according to Dacia, only due to the lack of clutch.

Combined with the energy recovery levels of the 1.2kWh (230V) battery pack and the efficiency of the automatic transmission, regenerative braking delivers all-electric traction on 80% of urban journeys and saves up to 40% of fuel compared to a combustion engine vehicle.

Read also: Dual-fuel Dacia Jogger Eco-G. We tried 5 seater and LPG…

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Economy

See how Tesla tests its electric Semi truck in the worst-case scenarios

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Tesla Semi camião elétrico testes

Tesla has finally been able to bring its long-awaited Semi to market. This electric truck promises to revolutionize transportation and bring all the unique characteristics of this type of electric vehicle to this class of vehicles.

Now that the first units have been delivered, there is hope that they will finally be mass-produced and reach more transport companies. With so many promises to be kept, a new video is now emerging showing Tesla testing its Semi truck under worst-case scenarios.


Tesla Semi is already on the market

Like all Tesla electric vehicles, Semi follows the same line of creating a unique design associated with a platform with the most modern technology available. The proof is in what was presented to the public and surprised most people.

To prove the quality of this new proposal, Tesla published in your LinkedIn account new video. In it, he reveals some of the testing he's done to determine the strength and quality of the Semi's design and its (potential) durability.

Tests to prove its durability

It has been revealed that the Tesla electric truck is subjected to numerous tests and its application in the worst scenarios that drivers may face. It doesn't stop at the ruggedness of the Semi's designs, but goes further and focuses on the motors and batteries themselves.

This is the proof that many have been waiting for to ensure that this new proposal is not limited to a lot of autonomy. Its resistance is great and will provide greater durability, further enhancing the Semi's value and performance.

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high quality electric truck

Tesla has already showcased the Semi's quality with a video showing its truck driving roughly 500 miles on just one charge. The big news here is that he managed to make this long journey with a maximum load of about 37 tons.

Now Tesla remains to widely place the Semi on the market. At the moment, only a few companies have access to this new product, with a very long list of pending deliveries, who want to start mass-using this electric truck offering.

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