The movie theatre chain will take Ethereum, Litecoin, and Bitcoin Cash for online ticket purchases and concession payments by the end of the year. Just over a month ago, AMC said it would take Bitcoin.
The move comes after AMC became a meme stock favorite earlier this year. By accepting Bitcoin and other digital currency, the chain wants to entice tech enthusiasts who invested in the business to see movies. But the chain still doesn’t take Dogecoin. And the AMC Apes who follow Aron gave him a hard time for it.
AMC CEO Remained Silent on Twitter
AMC has had a busy year since its stock price peaked at $2. They are now about $48, having risen to $72. Meanwhile, new investors have pushed the firm to consider alternative possibilities.
So, Dogecoin? AMC has yet to embrace the top meme currency, which seems like a great fit for one of this year’s biggest meme stocks. Despite a barrage of inquiries and requests from DOGE followers, Aron remained silent on Twitter.
AMC’s stock price soared this year after a social media campaign headed by r/WallStreetBets attacked GameStop’s stock. The trend benefited mobile trading apps like Robinhood, which drew millions of new users to promise simple stock and crypto transactions.
Dogecoin’s value soared from about a cent on January 1 to over $0.73 in May, according to CoinMarketCap. Though the meme currency is now trading over $0.24, it has risen over 4,300% this year.
Despite this, Dogecoin has many supporters. Including Musk, with his meme-filled tweets and ability to manipulate DOGE’s price on a whim, but so is Mark Cuban.
