The main cryptocurrencies have experienced an upward trend.

When the November Consumer Price Index was announced, the major cryptocurrencies rallied to trade in the green. Due to the significant reduction in US inflation statistics, the largest cryptocurrency Bitcoin experienced a big rally on Wednesday, reaching its highest level in a month. In the last twenty-four hours, Ether has also seen a positive trend, as investor attention has shifted to the FOMC policy meeting.

The US inflation rate fell to 7.1% in November, below analyst expectations of 7.3%, data showed Tuesday. Since last December, the inflation rate this month is the lowest of the whole year.

The Federal Reserve is widely expected to raise interest rates by a quarter of a percentage point, at the end of its two-day policy meeting on Wednesday, implying a less aggressive stance from the central bank in light of recent data.

Will Ethereum Overtake BTC Soon?

The current 24-hour Ethereum transaction volume is $8.3 billion at the $1,323 price. According to CoinMarketCap, the value of Ethereum has increased by around 4.5% in the last 24 hours, reaching a total market capitalization of $162 billion.

Ethereum price recently broke above the $1305 resistance mark, breaking out of an ascending triangle pattern on the 4-hour time frame. This level is now acting as support. The Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) indicate a positive outlook.

Smart Contracter, the pseudonymous analyst who accurately predicted the bottom of Bitcoin (BTC) in 2018, now says that Ethereum (ETH) will start to rise dramatically, on its way to becoming the largest digital asset by market capitalization.

According to Smart Contracter’s tweets to his 216,700 followers, the largest altcoin’s value is likely to reach levels not seen in more than five years. Smart Contracter adds that it anticipates that Ethereum will overtake Bitcoin in market capitalization during the next bull market.

It is worth noting that Smart Contracter is not the only one predicting an increase in the price of Ether. Mike McGlone, a commodities analyst at Bloomberg, noted that the fact that stablecoins make up four of the top five digital assets by volume shows just how valuable Ethereum’s technology is. The expert explains how Ethereum technology facilitates instant and low-cost transactions in digital currencies.

On the other hand, Raoul Pal, a former Goldman Sachs executive, refers to a graph titled “Ethereum Today vs. 2017-2021 Analog chart”, which, if it were to be followed, would indicate that ETH is currently very close to the bottom of the bear market.

The expert also analyzed a chart that he says shows how investors have become quite bearish about the stock market.

What Can Be Expected in the Future?

The Federal Open Market Committee (FOMC) will have its last meeting of the year later today. As is customary, Fed members will share their most recent inflation and interest rate projections (dot plot) with the public after the meeting.

Following the release of the CPI data, major cryptocurrencies including ETH, BTC and the rest of the market experienced an uptrend. The same thing is likely to happen after the FOMC meeting.

By Audy Castaneda

Those who want to obtain them will not be able to pay for them with traditional money or cryptocurrencies, but will only be able to do so if they first purchase PepsiCo products.

The renowned tazos returned to the ring at the hands of Sabritas. The snack brand, a subsidiary of PepsiCo, launched the “NFTazos”, a series of non-fungible tokens that hit the market with the World Cup theme.

The ’90s are bent on making a comeback in the present, and this time they’re back, in the form of NFT mugs. The Sabritas snack brand launched a series of collectibles that can be purchased through the JOY APP. The NFT series has more than 1,000 designs in the gold, silver, and bronze categories.

Although, in general, NFTs are acquired through platforms such as OpenSea, in this case users can only obtain them from the JOY APP. In addition, each of the NFTazos is backed with a certificate of authenticity by Vatom.

Remembering the Past

For those who do not have much context, the tazos were round pieces of plastic or metal, which had images of recognized characters, such as Pokemon, printed on them. The idea of ​​the youth of the 90s was not only to collect these pieces but also to play with them, throwing them against others that were located on the floor. The ultimate goal was to flip the pogs and whoever did it first would win their rival’s pog.

How to Acquire Sabritas NFTazos?

Sabritas is a PepsiCo brand that is available in Mexico. Those interested in acquiring these non-fungible tokens must download the JOY APP, and they will be available there. Of course, those who want to obtain them will not be able to do so by paying traditional money or cryptocurrencies but will only be able to do so if they first purchase PepsiCo products.

With these products, users will be able to exchange JOY points, which are obtained by entering the codes of the participating packages.

The theme of playing with the cups remains because the idea of ​​Sabritas is to allow users to collect them and face other rivals to claim the rival’s cup or lose their own.

Although in general those who acquire NFTs obtain significant benefits, beyond the token itself, this is not the case with NFTazos. Sabritas indicated that they do not grant additional rewards or themes, beyond giving users the experience of having a mug again in their possession.

Sabritas also assured that, as was the case with traditional tazos, it is expected to be able to launch different types of thematic collections, to the extent that the brand can make new collaborations.

By Audy Castaneda