Connect with us

Economy

Cardano (ADA) Becomes Internet Favorite And Beats Bitcoin On Twitter

Published

on

Cardano (ADA) Becomes Internet Favorite And Beats Bitcoin On Twitter

Historic peak week Cardano (ADA) managed to surpass Bitcoin (BTC) by number of mentions on Twitter.

Sponsored
Sponsored

Cardano has become the most talked about cryptocurrency on Twitter, according to survey run by Santiment, a data analytics and metrics company for the cryptocurrency market.

The number of comments and posts containing the words “Cardano” and “ADA” has increased significantly over the past weekend. Engagement continued to rise on Monday (23), reaching a point exceeding the number of mentions of BTC, the main and most famous cryptocurrency in the world.

Sponsored
Sponsored

The market has returned to optimistic sentiment for Cardano since the second week of August, when it was Release Date Announced smart contracts on your blockchain.

The asset has since started a strong upward move, jumping from $ 1.46 to a new all-time high of $ 2.95 hit on Monday, the same day it became the most-mentioned cryptocurrency on Twitter.

Since then, the ADA has retreated with the market and is trading at $ 2.74 at the end of this article. However, over the past 14 days, the asset has continued to rise in value by 85%, which helps to understand the reasons why Cardano has become the “darling” of the Internet.

Bitcoin though come up again out of $ 50,000, according to Dice at CoinGecko.

Felipe Neto celebrates on Twitter

tweet from Felipe Neto, one of the country’s most famous YouTube users, shows how Cardano has managed to get attention on Twitter.

On the same day that a new cryptocurrency price record was set, the Brazilian posted a post with the word ADA followed by graphics and Twitter emoticons. A few days earlier, the YouTuber had already shared that he invested in cryptocurrencies

See also  The strongest in Europe is already working

ADA can go as high as $ 3.00?

Sentiment underlines that the continued active engagement that Cardano is registering on social media will be a decisive factor for the ADA to surpass the $ 3 mark.

According to the analyst Cryptocurrency Yakub Dzyadkovets, if the ADA manages to gain a foothold above the price of $ 2.87 in the next few days, the cryptocurrency has a good chance of reaching the Fibonacci targets at $ 3.38 and $ 3.94.

Denial of responsibility

All information contained on our website is published in good faith and for general information purposes only. Any action that the reader takes based on the information contained on our website is at his own risk and expense.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Economy

Apple is preparing a strategy to transfer production from China

Published

on

Ilustração Apple na china

Apple is one of the largest companies using factories in China to manufacture its products. However, the American giant is looking to diversify its supply chain even more, given the global situation in China, both in terms of public health and government policy.

The production of the top models of the iPhone 14 Pro and Pro Max has been hit hard by problems at the factories in connection with the measures of the Chinese authorities to combat Covid-19.

Protests are raging in China the likes of which have not been seen in more than 30 years. The zero tolerance policy in the context of the pandemic has caused serious discontent and upheaval in society.

These demonstrations, protests and clashes with the authorities spilled over into factories and the market in general. Beijing, after tightening measures, has already shown that it may have to change its policy regarding the fight against the pandemic.

Apple begins to look to the future outside of China

In recent weeks, Apple has accelerated plans to move some of its production out of China, the dominant country in the supply chain that has created the most valuable company in the world, according to information from people involved in these processes.

The Cupertino-based company has begun asking its suppliers to more actively plan to assemble Apple products in other Asian countries, especially India and Vietnam.

according to InformationApple wants to reduce dependence on Taiwanese factories led by the Foxconn Technology group.

Riots in a place called iPhone City spurred Apple's move. In the giant city of Zhengzhou, China, about 300,000 workers work at Foxconn's iPhone and other Apple products factory.

At one point, the device accounted for 85% of the iPhone Pro lineup, according to analytics firm Counterpoint Research.

The Zhengzhou plant was the scene of violent protests last November. As we can see in the video above, the workers complained about harassment by the authorities to implement a zero tolerance measure to combat the pandemic.

After a year of events that have undermined China's status as a stable manufacturing hub, the unrest means Apple is no longer comfortable with so much of its business tied up in one place, analysts say.

iPhone 14 Pro sales may suffer due to low production

Apple released the iPhone 14 and its sales continued to have a big impact, even breaking records during a volatile time in the smartphone market.

According to Ming-Chi KuoApple's market analyst said fourth-quarter iPhone shipments were about 10 million units below market forecasts made before the Zhengzhou protests.

The high-end iPhone 14 Pro and Pro Max models were particularly hard hit, according to the analyst.

There were protests in Beijing last week against the strict measures against Covid.

Apple and China have enjoyed a relationship for decades that has so far been mostly mutually beneficial. Change won't happen overnight. Apple continues to release new iPhone models every year and also constantly upgrades its iPads, laptops, and other products.

Basically, Tim Cook will have to keep flying the plane by changing the engine.

So if current events warrant thought, Kuo says the Cupertino-based company's goal would be to move 40% to 45% of its iPhone production from China to India. In addition, Vietnam will be able to increase production of other Apple products such as AirPods, Apple Watch and Macbook.

Read also:

See also  The strongest in Europe is already working
Continue Reading

Economy

BMW suspension recharges battery in bad ground

Published

on

Suspensão da BMW recarrega bateria quando há mau piso

BMW creates something new! It is true that the electric vehicle segment has been innovative, but there is certainly much more to be discovered and improved. In the field of vehicle autonomy, research is still focused on batteries, but there may be mechanisms to recharge the battery while vehicles are in motion.

BMW is developing a suspension that can generate energy in the face of uneven road conditions and thereby recharge the battery.

The BMW suspension is actuated and generates energy that is used to recharge the battery.

Electricity is critical to driving electric vehicles. In addition to the energy stored in batteries, which provide a certain amount of autonomy, it would be interesting if the vehicles themselves generate energy while driving. It is in this sense that BMW is working on a solution in which the suspension is used as energy generating equipment.

In practice, when the suspension works to smooth out uneven floors, energy is generated and stored in the battery.

BMW suspension recharges battery in bad ground

This BMW suspension, as far as we know, will be used exclusively in electric vehicles. There is no word yet on when it will become part of the German brand's electric model.

It should be noted that traditionally, the energy of the vehicle's wheels moving over irregularities is absorbed by the spring suspension elements, and then this energy is dissipated in the form of heat by shock absorbers. The job of shock absorbers, as the name suggests, is to dampen the shock, resulting in a smoother ride.

See also  The strongest in Europe is already working
Continue Reading

Economy

Fuel prices won’t drop next week! I know why…

Published

on

Fuel prices won't drop next week!  I know why...

Every week, the Portuguese live in anticipation of whether fuel prices will rise or fall.

Last Friday there was the first information that the cost of fuel will continue to fall … and will! However, there is a variable that will rise and possibly offset lower gasoline and diesel prices. Find out what has changed since then.

Fuel: ISP discount will be reduced...

The price of fuel will not fall at the beginning of the week because the government has decided to cut the discount that applies to the tax on petroleum products (ISP), according to Porto Canal.

Tax on petroleum products (NPT) is one of the excise taxes provided by law. It applies to gasoline and diesel as well as other products, oil and energy, hydrocarbons and electricity.

The tax will be reduced by 3.9 cents per liter of diesel fuel and 2.4 cents per liter of gasoline. The decision should cancel forecasts for falling fuel prices next week, which indicated minus 3 cents for diesel and minus 1 cent for gasoline.

The price of diesel fuel may remain unchanged, but gasoline should rise in price by 1.5 cents from Monday. Diesel falls seven weeks in a row, and gasoline a month.

See also  Fed Supports Interest Rates and Signals Ending Stimulus Coming Soon - Monetary Policy
Continue Reading

Trending