Dogecoin bulls request AMC chief to accept Doge payments; price rises

Dogecoin DOGE AMC
“Dogecoin Cryptocurrency Medallion” by orgalpari is licensed under CC BY 2.0
  • Dogecoin supporters ask Adam Aron to consider DOGE instead of Bitcoin for AMC movie ticket payments
  • Steven Steele made the same suggestion before and got Elon Musk’s approval
  • DOGE price rises regardless of the request outcome

YEREVAN (CoinChapter.com) – Dogecoin supporters want AMC chief Adam Aron to accept DOGE payments for their services in the wake of his decision to integrate a Bitcoin payment option by the end of 2021.

In a growing rivalry between the two crypto camps, the Dogecoin bulls repeated concerns about Bitcoin’s increasing carbon footprints and how Dogecoin was a more eco-friendly alternative to the benchmark digital asset. Other factors put before Aron included the Dogecoin’s “meme” status that—more or lesș—fits the brand value of AMC, whose own stock was called “meme” earlier this year after posting an incredible retail-led rally.

What happened

In detail, Aron tweeted about his plans to use Apple Pay and Google Pay technologies by the end of the year. He added Bitcoin to the list, noting that it would give AMC moviegoers a smoother experience paying online. A Dogecoin supporter praised the CEO for his progressive mindset.

However, the tweet’s focus was on hinting that Dogecoin is far better than Bitcoin.

Also read: With the 4th largest daily volumes, Elon Musk’s favorite Dogecoin surges by 29% in 24 hours.

That Dogecoin bull is not the first person to suggest DOGE as a valid payment. Steven Steele, a Youtuber with a vast following, tweeted the same suggestion two weeks ago and got the ‘blessing’ from Elon Musk, the Tesla CEO notorious for causing volatile price swings in the Dogecoin market.

While swiping through Dogecoin memes is admittedly fun, the broader community might not be quite ready to accept the meme-coin in real-world implications. DOGE begs to differ and wags its tail to a weekly gain of 36 percent.

Also read: Dogecoin and AMC entertainment union have a blessing from Elon Musk.

DOGE daily chart

As a result of all the excitement, DOGE/USD rose 28% in 4 days, topping off at $0.29 before correcting down to $0.26 in the early European session Thursday. The meme-coin also registered a golden cross on the daily chart between the 20-day exponential moving average (EMA-20) and the 50-day simple moving average (SMA-50).

Dogecoin (DOGE) goes bullish. Source: DOGEUSD on TradigView.com
Dogecoin (DOGE) goes bullish. Source: DOGEUSD on TradigView.com

The golden cross reverses itself when the short-term MA crosses below the long-term MA. But for as long as it can hold a dominant position, the bullish crossover could signify gains and bullish momentum.

Also read: Dogecoin drives home 17% weekly gains amid “meme coins rebellion.”

Will the AMC CEO consider the offer for DOGE payments? Who knows. What’s certain is the cryptocurrency’s bullish price action on all the social media hype. DOGE/USD logged a 36 percent gain in a week without the help of its patron Elon Musk.

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