Here's Why MATIC Buyers Hold Trend-Control Despite Today's Sell-off

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.

Timeline of Polygon

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.

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.

Coffee giant Starbucks is teaming up with Polygon (MATIC) to give its loyalty program customers a chance to buy and earn collectible non-fungible token (NFT) stamps. Starbucks Coffee Company is turning to Polygon to launch the collectible digital stamps as part of its Web3 program called Starbucks Odyssey.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Recently, Polygon [MATIC] bulls found renewed pressure from its $0.74-$0.76 range support.

Coffee chain giant Starbucks Corporation (NASDAQ: SBUX) shared details for its Web3 experience on Monday. The company first announced plans for NFTs and a bigger Web3 presence in April.

Coffee retail chain, Starbucks, is moving to bring the future of web3 dining to the coffee industry by launching Starbucks Odyssey, a program that will enable customers to earn and buy digital assets. The post Starbucks Plans Launch of NFT Rewards Program Using Polygon (MATIC) appeared first on BeInCrypto.

On September 12, the multinational chain of coffeehouses, Starbucks, announced the firm has partnered with the blockchain project Polygon and unveiled the company's Web3 technology called Starbucks Odyssey. The Web3 platform Starbucks Odyssey will provide Starbucks rewards members and the company's U.S. employees with the opportunity to earn non-fungible token (NFT) assets.

Starbucks will work with the Ethereum second layer solution Polygon on their non-fungible token (NFT) loyalty program, called “Odyssey”. Announced over 5 months ago, the initiative coincides with the return of the company's founder Howard Schultz as CEO and with in-house issues.

Starbucks has announced it will launch its official NFT Rewards loyalty program tagged “Starbucks Odyssey” on Ethereum's (ETH) layer2 Polygon (MATIC) network later this year. The post Starbucks launches NFT loyalty program on Polygon appeared first on CryptoSlate.