AMC chief announces the launch of digital gift cards, with the possibility ti use Dogecoin as a payment.
DOGE waggs its tail and pumps 8% in responce.
YEREVAN (CoinChapter.com) – Dogecoin and entertainment giant AMC Theaters continue the romance, as the meme-coin has officially become a valid payment for tickets. Much wow for DOGE; the news adds another 8% to the rally, bringing the weekly gains to 27%.
In hindsight, AMC chief executive Adam Aron created a pole last month to make sure the public wanted to see Dogecoin included in the fold of crypto payments. He said, “the passion for Dogecoin is impressive,” and vowed to figure out a way to make that happen.
Fast forward ten days, and the CEO has a plan. First, he announced that the AMC theatres would offer digital gift cards using a BitPay Wallet. He added that moviegoers could use the gift card on the website, the mobile app, and in theatres.
Huge news Dogecoin fans! As we work to accept online crypto payments, now you can buy @AMCTheatres digital gift cards (up to $200 per day) with Dogecoin and other cryptocurrency using a BitPay Wallet. Accepted on our web site, mobile app, and in theatres. https://t.co/hPubbeq4YGpic.twitter.com/dra7e23tc8
Aside from the mass obsession with all things meme, why would businesses choose to incorporate Dogecoin into their payment systems?
Several factors could influence that decision. According to data from May 2021, Dogecoin provides high liquidity, the virtue of the limit absence. Dogecoin’s faster transactions are another important factor for easy adoption. With the growing adoption of the meme-coin, so does the market capitalization ($33.7 billion). It represents 1.4% of the total crypto market cap.
… advanced 27% in a week, after weeks of bearish price action. As a result, the digital asset broke out of the falling wedge formation it traded in since mid-August. In hindsight, the falling wedge features two converging trendlines that drive the price action down. The pattern is bullish and promises gains after it is exhausted.
DOGE managed to ascend over its 20-day exponential moving average (EMA-20; blue wave) and approach the 50-day simple moving average (SMA-50). Moreover, the EMA-20 already corrected its trajectory, taking a bullish course. If the EMA-20 meets the SMA-50 again, it will form a “golden cross.”
The golden cross occurs anytime a short-term MA crosses above a long-term MA after a bearish period. The cross signifies a beginning of a bullish phase for as long as the short-term MA can hold the dominant position.
Lilit is a Yerevan-based Markets writer, skilled in 3 languages, and interested in writing about the tech world, trading, art, and science. She also has a background in psychology and marketing, which helps deliver the right message to the target audience.
LAGOS (CoinChapter.com) — The price of Dragoma’s token (DMA) has plummeted to nearly $0 after the team behind the project...
Our Partners
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
Cookie
Duration
Description
cookielawinfo-checbox-analytics
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checbox-functional
11 months
The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checbox-others
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-necessary
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-performance
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy
11 months
The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.