On Sunday evening, Benzinga asked its followers on Twitter what they’re buying at the open on Monday. From the replies Benzinga selected one ticker for technical analysis.
Alberto (@alberto92445611) is buying AMC Entertainment Holdings Inc.
On Friday, AMC CEO Adam Aron announced that moviegoers could now pay for tickets using Dogecoin, Shiba Inu, and other cryptocurrencies through the AMC mobile app. AMC began allowing purchases of tickets and concessions using Bitcoin on its website in 2021 and added Dogecoin and Shiba Inu as payment options in March.
The ability to make payments with cryptocurrencies through AMC’s smartphone app is likely to increase the number of cryptocurrency transactions that AMC completes. About 14 percent of all AMC’s transactions were already completed using cryptocurrency prior to the system being made available on the official app.
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