All Eyes Are on Big Eyes Coin, Solana, and Polygon for a 100X Return

More and more people are resorting to trading Bitcoin and other cryptocurrencies to put away their money and generate an additional income while they sleep (BTC). Over recent years, this behavior has been expanding.

Timeline of , Polygon, Solana

Polygon is planning to kick its operations into high gear especially now that the Ethereum Merge has been finalized. Polygon's latest announcement reveals an ambitious goal that if successful, will solidify its position as the most powerful Ethereum L2 solution.

SOL is currently not performing quite well, which is an expectation considering the lingering bear market. The asset has struggled to keep its head above the $35 zone, hanging on by a thread.

With the completion of the Merge, all the attention seems to be on Ethereum [ETH]. However, there could be a lot of L2 solutions that could benefit from the Merge, one of them being Polygon [MATIC].

The recent sell-off in the crypto market offset the prior recovery in Solana price. The buyers currently stall this downfall at local support of $32.7, but the low volume activity in their attempts keeps the correction threat on the table.

The total value locked (TVL) on the Solana blockchain's decentralized finance (DeFi) space has trended downwards in U.S. dollar terms over the past three months, dropping a total of 45.9% from $3.94 billion to $2.13 billion.

Despite being a bearish pattern, the rising parallel channel led the MATIC price to $1 resistance. Moreover, this resistance is the neckline of a cup and handle pattern holds significant weightage to determine the future market price.

Starbucks Corporation said it will start a non-fungible token (NFT)-based loyalty programme using Polygon's blockchain technology. The programme, Starbucks Odyssey, will let customers buy and earn digital collectable stamps in the form of NFTs that offer other various benefits and immersive experiences.

Solana (SOL) has risen by 5% today relative to its 24-hour low, moving from USD 36.82 early this morning to USD 38.67 as of writing. Its current price also represents a 20% jump in the past week, according to CoinGecko, as well as a 19% increase in the last 14 days.

While Polygon (MATIC) has broken out from a long-term descending resistance line, it has yet to clear an important horizontal resistance which would confirm that a bullish reversal is in place. On Tuesday, it was announced that Starbucks and Polygon will partner in a non-fungible token (NFT) loyalty program called “Starbucks Odyssey”.

Polygon (MATIC/USD) has teamed up with Starbucks Coffee Company to enable the company to give its loyalty program customers an opportunity to buy and earn collectible non-fungible token (NFT) stamps. Starbucks Coffee Company has chosen the Polygon network to launch their collectible digital stamps as a power of its Web3 program, Starbucks Odyssey.