The AMC Movie theater chain considers adding DOGE payments as well as Bitcoin and other coins so let’s find out more in our latest Dogecoin news today.
The AMC Movie theater chain is considering allowing DOGE payments according to the CEO Adam Aron but also the “meme stock” theater firm will allow payments with BTC and three other cryptocurrencies by the end of the year. Movie theater chain AMC announced that in addition to the plans to accept BTC payments by the end of 2021, it will add Litecoin, Ethereum, and Bitcoin Cash but the legions of DOGE fans took to Twitter to protest and it seems that their message was heard. AMC CEO Adam Aron also posted a poll asking users to vote on whether or not they will use DOGE to buy online movie tickets and other theater concessions:
“I sincerely want to hear your opinion, via this Twitter Poll. By year-end 2021, AMC will take Bitcoin, Ethereum, Litecoin and Bitcoin Cash for online payments. I hear from many on my Twitter feed we should accept Dogecoin too. Do you think AMC should explore accepting Dogecoin?”
I sincerely want to hear your opinion, via this Twitter Poll. By year-end 2021, AMC will take Bitcoin, Etherum, Litecoin and Bitcoin Cash for online payments. I hear from many on my Twitter feed we should accept Dogecoin too. Do you think AMC should explore accepting Dogecoin?
— Adam Aron (@CEOAdam) September 21, 2021
Aron listed four options split between Yes and No responses and as of the time of writing, two hours after the tweet was posted and more than 82% of the responses were positive with over 28,000 votes. DOGE’s fan base is often vocal on social media but there is an extra hint here: DOGE is known as the popular meme coin while AMC is known as the leading “MEME stock.” the meme stock movement started in January when the users from Reddit community started buying stocks that were seen as low-value or past their prime by the traditional metrics like AMC, GameStop, and Nokia.
The prices for the stocks started climbing rapidly and then fell thanks to teh easy access of buying and selling via mobile trading app Robinhood which led to more scrutiny over Robinhood and stock trading behaviors. AMC however retained a lot of the year’s value bump and now the price is set at $39 with teh stock being up more than $1800% since the start of the year.
DOGE experienced a similar upward trajectory that was boosted by the rising social media sentiment and the tweets from Mark Cuban and Elon Musk. The Meme-crypto was worth about half a penny at the start of the year but saw another 3600% to a price of $0.20 according to the data. DOGE’s price is now down by 72% from its all-time high set in May. The pairing between the leading meme stock and the top meme coin seems like the perfect match and now it seems that AMC is leaning into the social media buzz and considers making the move.
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