AMC Theatres CEO, Adam Aron announced on Twitter that the largest US cinema chain will start accepting cryptocurrencies.
AMC Theatres will begin accepting cryptos such as Ethereum, Litecoin and Bitcoin Cash on top of Bitcoin.
“Cryptocurrency enthusiasts: you likely know @AMCTheatres has announced we will accept Bitcoin for online ticket and concession payments by year-end 2021. I can confirm today that when we do so, we also expect that we similarly will accept Ethereum, Litecoin and Bitcoin Cash.”
~Adam Aron (@CEOAdam)
Meanwhile, Aron previously noted the company’s plan to add support for the largest cryptocurrency since early August. He revealed this plan during an earnings call in the month of August.
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Additionally, He noted that AMC Theatres would consider other blockchain-relation options. This is the reason altcoin payments appear as a necessary step for the movie theater chain.
Conclusively, The shares of AMC closed at $46,84 on Sept. 15. However, The stock is up a whopping 2,131% calculating for year-to-date data.
Popular Crypto Analyst Explains How Cardano ($ADA) Can Follow Ethereum’s Success Pattern
Popular Crypto Analyst Explains How Cardano can follow the pattern of Ethereum in achieving greater success.
The Popular Crypto Analyst and Trader Benjamin Cowen told the over 538K subscribers of his YouTube channel in a video released on the launch eve of smart contracts support on the cardano mainnet.
For instance, he said Cardano could build upon Ethereum’s success pattern by emphasizing application adoption.
Benjamin Cowen notes Ethereum’s widespread use for multiple protocols, starting with non-fungible tokens (NFTs) and decentralized finance (DeFi). Meanwhile, This makes users to hoard and spend ETH.
The popular crypto analyst said Ethereum’s applications contributes largely to its market capitalization and growth.
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However, Cardano is yet to achieve a similar level of adoption of app utilization. Nonetheless, Cowen predicted Cardano’s ecosystem and network effect will continue to grow and lead to a positive impact on price.
Cowen noted,
“None of us, I don’t think, are claiming that Cardano’s ecosystem is currently bigger than Ethereum’s, but I do think that Cardano will grow with time, and I do think that as more utility is actually built out on the platform, that this will have a positive impact on the price.”
Popular Crypto Analyst Benjamin Cowen evaluates the $ADA-$ETH trading pair. He added that if it records a new a-time high, that $ADA token could worth as much as $4.50. This means that the $4.50 could be his mid-term price call for ADA.
Also, Cowen says that $ADA is in a large re-accumulation phase trading between $1 and $3. Additionally, He also sets target for ADA to break through to a new milestone. This is possible once it passes the $3 price mark.
