AMC Price Prediction – Dropping below $20.00 Could Trigger Waterfall Decline 

AMC PRICE CHART 

I assign the following odds to the next 3-months of price action in the AMC chart below:

*Bullish Breakout above $35.00 (30%)

*Neutral consolidation between $20.00 & $30.00 (30%)

*Bearish Breakdown below $20.00 (40%)

AMC chart

Note- If prices collapse below $20.00 in the coming days, downside follow-through below $15.00 will support the worst-case scenario and panic selloff to $10.00 or lower.

AG Thorson is a registered CMT and expert in technical analysis. He believes we are in the final stages of a global debt super-cycle. For regular updates, please visit here.

 

Airbnb Could Adopt Cryptocurrencies Thanks to a Twitter Poll

An increasing number of corporate entities are enabling cryptocurrency payment options for their customers. However, some companies are taking an unlikely route in adopting cryptocurrencies.

Airbnb Users Want Company to Provide Crypto Payment Options

A recent poll by Airbnb CEO Brian Chesky has seen its customers ask for cryptocurrency payment options. Chesky conducted a Twitter poll over the weekend, asking his 399k followers to suggest a feature or product the company should launch in 2022.

In a follow-up tweet earlier today, Chesky pointed out that he has received 4,000 suggestions so far, and integrating cryptocurrency payment options tops the list. Airbnb users want to rent their next house or apartment on the platform and pay for the services using Bitcoin or other cryptocurrencies.

Other top requests included transparent pricing displays, a guest loyalty program, updated cleaning charges, and better customer service. The Airbnb CEO said he also received a couple of token ideas. However, he said the company’s payment selection would not be limited to one or two cryptocurrencies.

If Airbnb goes on to integrate cryptocurrency payment options, it wouldn’t be a surprise to the broader crypto community. In an interview with The Verge in November, Chesky said Airbnb is looking into the cryptocurrency and metaverse sectors.

“We are definitely looking into it. Absolutely. Like the revolution in travel, there is clearly a revolution happening in crypto. Airbnb and crypto both have interesting relationships with trust,” he said.

AMC Ran a Similar Poll Last Year

AMC, one of the leading theater chains in the world, entered the cryptocurrency space in November. On November 12, the company announced that it was now accepting Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.

AMC’s CEO Adam Eron conducted a Twitter poll in September to ask his followers if they want the company to start accepting cryptocurrencies. 68.1% of the respondents replied affirmative, and the company now accepts cryptocurrency payments.

The company said it intends to add Dogecoin and Shiba Inu payment options soon.

What Can You Buy With Cryptocurrencies?

The cryptocurrency market has become one of the leading financial markets in the world, thanks to its recent growth. The industry is worth more than $2 trillion, and with this level of growth comes the adoption. However, despite the growing popularity of cryptocurrencies, some people still don’t know what they can purchase with their crypto.

To address those concerns, this article informs you of the various places where you can pay with cryptocurrencies.

Cryptocurrencies are accepted in many sectors

A decade ago, Bitcoin was a relatively unknown financial asset. However, nowadays, it is known in every part of the world and is slowly going mainstream. With the mainstream adoption of cryptocurrencies increasing, it became easier to pay for goods and services using Bitcoin and other cryptos.

El Salvador became the first country to make Bitcoin a legal tender, and you can pay for anything with BTC. The United States, Canada, Spain, the United Kingdom, South Korea, and Singapore are amongst the countries that are also recording an increase in cryptocurrency transactions. Here are some of the ways to use your cryptocurrencies to pay for goods and services.

Technology and Ecommerce

One of the areas where you can easily spend your cryptocurrencies is technology and eCommerce. eCommerce companies are making it easier for their customers to pay for their products using BTC and other cryptocurrencies.

Overstock is one of the leading retailers that allows users to pay for their products with crypto, thanks to its partnership with Coinbase. NewEgg is an online retailer of technology products like computer hardware and consumer electronics, where you can use your bitcoins to pay for these products. Alza, the leading online retailer in the Czech Republic, and Japan’s Rakuten are other top retailers that accept cryptocurrencies.

If you wish to pay for your domain name in bitcoin, then Namecheap is the hosting company you should patronize. The Internet Archive also allows users to access web archives and accepts bitcoin donations.

AT&T is one of the first major mobile carriers globally to enable its users to pay for services using cryptocurrencies. The company partnered with BitPay to provide the crypto payment option to its subscribers.

Tech giant Microsoft allows its users to top up their Microsoft account using cryptocurrencies. The company suspended the service for a while but reactivated it as the adoption of BTC and other cryptos grew.

Dish, one of the leading TV service providers in the United States, allows users to pay for their cable subscription using Bitcoin, thanks to its partnership with Coinbase.

Entertainment sector

One of the areas where cryptocurrencies have gained adoption is the entertainment sector. It is becoming easier to pay for services using bitcoin and other cryptos in this industry. AMC, one of the leading cinema chains globally, now allows people to pay for movie tickets and other services with a few cryptos such as BTC, ETH, SHIB, and DOGE.

Amazon-owned leading game streaming platform Twitch is another place where you can pay for services using Bitcoin. The company briefly removed the service in March 2019 but has re-enabled it in June 2020.

Food Industry

Another area where cryptocurrency adoption is growing is the food sector. Several fast-food joints are now accepting Bitcoin and other cryptocurrencies as payment options for their products.

Burger King Venezuela partnered with Cryptobuyer to accept cryptocurrencies as a mode of payment. Their customers can pay in Bitcoin, Dash, Litecoin, Ethereum, and Tether. Pizza Hut is another giant pizza franchise that allows customers to pay for their food with Bitcoin.

KFC Canada is another major fast-food company that accepts Bitcoin as payment for its products. The company partnered with BitPay to process the payments. Denver-based Quiznos partnered with Bakkt to launch a pilot that allows customers to purchase food with bitcoin via the Bakkt app.

Sports

Cryptocurrency companies have penetrated the sports industry. Over the past few months, crypto companies such as FTX and Crypto.com have partnered with numerous sporting institutions to increase the awareness of cryptocurrencies.

The adoption goes beyond sports entities partnering with cryptocurrency companies. Some sporting institutions now accept cryptocurrency payments. The Dallas Mavericks accepts Bitcoin as a payment method for both game tickets and merchandise, and BitPay processes cryptocurrency payments via the team’s website.

The Miami Dolphins is another team that allows you to pay for game tickets using Bitcoin and Litecoin.

Portuguese-based football team Benfica is one of the first soccer institutions in Europe to accept Bitcoin for game tickets and merchandise.

Travel and Hospitality

The hospitality industry is one of the biggest promoters of cryptocurrencies. Richard Branson’s Virgin Mobile and Virgin Airlines allow you to pay for space travel with BTC. Norwegian Air Shuttle (Norwegian), Scandinavia’s largest airline and Europe’s third-largest budget airline, is another travel company that allows customers to pay for tickets with cryptocurrency.

CheapAir, one of the leading online travel agencies in the United States, partnered with Coinbase to allow its customers to pay for travel and hospitality services with Bitcoin. Travala and Bitcoin.Travel are two other leading online travel agency that permits their customers to pay for services using BTC and a few other cryptocurrencies.

Real Estate and Art

An increasing number of real estate firms accept cryptocurrencies as payment for their properties. Cryptocurrencies have also penetrated the art world. British auction house Christie’s now accepting Bitcoin and Ether for some of its paintings, both physical and digital.

Gift Cards and VPNs

The other sectors where cryptocurrencies have gained adoption are VPN and gift cards. Gyft allows users to buy and sell gift cards online for top retailers like Amazon, iTunes and Starbucks, and the company accepts Bitcoin as payment for its services.

ExpressVPN, CyberGhost, NordVPN, and PrivateVPN are some of the leading VPN service providers that allow users to pay for their services and upgrade their accounts using Bitcoin and a few other selected cryptocurrencies.

Final Thoughts

The use of cryptocurrencies to pay for goods and services is becoming increasingly popular. Businesses are beginning to accept cryptocurrency payments directly or through third-party processors like BitPay, a trend that seems set to continue through 2022.

 

2022: The Year of Trader Power!

As an effervescent mixture of government policy and the personal and corporate reaction to said government policy along with the innovative minds of those who have sought to either get around the circumstances and prosper or to invent whole new methods of trading have been major facets this year.

The year 2021 started with a crash, literally! It was in mid-January that the meme stock phenomenon began to take hold across the European and North American markets, with Reddit groups for the first time in electronic trading history being able to not only bring down the stock prices of publicly listed entertainment giants such as GameStop and AMC Entertainment, but create their own grass roots movement to influence the global markets and even bring over 30 market makers to their knees.

ETX Capital proudly began the year with the ability to fully manage the GameStop short. We were one of the very few retail electronic trading companies that continued to operate an uninterrupted service, with the TraderPro platform and our customer service and dealing staff fully functioning throughout what was an unprecedented circumstance that suddenly caused volatility.

A large number of other firms made it impossible for their customers to close trades or to contact them by telephone, resulting in a class action litigation in the US against over 30 retail electronic trading companies, banks and brokerages.

This fascinating episode set the tone for the year, and 2021 has been a year of uncertainty and market opportunity.

The question is, what will 2022 be like? Will we all still be looking at market commentators on television talking about oil prices, energy companies going bankrupt, airline stocks and the decimation of the entertainment industry?

2022 holds even more in store than that.

Firstly, it could well be that 2022 will become the most empowering year for retail traders for a very long time. There has become far more transparency regarding Payment For Order Flow (PFOF) which is a form of compensation and benefit which a brokerage firm receives for directing orders to different parties for trade execution.

This means that perhaps the traditional and somewhat expensive method of passing orders to third parties for execution may well become a bit more obsolete.

In order to move with the times, brokerages now have to adapt and become more multi-asset, and offer their own range of services and trading instruments, and begin to challenge the retail banks.

There was a time at which retail FX brokerages were intent on being able to offer the same service to retail traders as institutional trading desks do to their institutional clients. Nowadays, the focus has moved away from that and toward becoming a challenger bank.

Being an ultra-modern multi-asset broker with fully integrated proprietary trading infrastructure is the way forward.

In 2022, we will begin to demonstrate yet further advances as ETX Capital prepares to lead the modern era of trading with our fully comprehensive fintech facilities which are leading edge in terms of execution and technology, yet draw on our 50 years of commercial expertise.

This year is the year in which the London-based disruptive fintech firms should be regarded as being in the same industry sector as the brokerages.

Additionally, investment banks with a large market share in FX order flow execution at Tier 1 level are beginning to emulate the innovators of the retail world.

This is the first time in history that the boot has been on the other foot. In the past, Tier 1 banks with their elderly, dare I say legacy, Single Dealer Platforms have been in an almost dictatorial position toward their liquidity takers. Brokerages which send orders to the Tier 1 banks on what is known as an ‘A book’ basis have often had to capitulate to extremely one-sided trading conditions, usually weighted in favor of the banks.

For example, if a regulated FX brokerage chose which trades to process and which to reject, not only would there be a barrage of quite justified customer complaints, but the regulators would be at their door immediately with a suitable reprimand, yet many Tier 1 banks who are themselves market makers, conduct ‘last look’ execution all the time, without any repercussions and with the entire industry accepting it.

This is a longstanding practice in which liquidity providers, often Tier 1 banks, provides a quote rather than a firm price into the trading system or execution venue and effectively cherry pick the orders when they are sent.

With modern trading entities, non-bank market makers are rising in popularity and have taken the top market share slots from the most established Tier 1 banks.

This dynamic is likely to continue and the lines between traditional brokerages and modern fintech should become far less rigid. Indeed, those which do not enter the modern fintech arena are likely to be left behind.

Whilst 2021 began with the meme stock flash crash, and was punctuated in the middle by Elon Musk’s Twitter tirade which crashed the cryptocurrency market by almost $1 trillion, we have learned that these events garnered a totally different response than anything like that would have done in the past.

Instead of running a country mile from memes or crypto, many more investors got interested and it gained a tremendous following whilst the prices were down.

This is a case of evolution and revolution in one package. Quite simply, the world’s economy is very different today to how it was a few years ago and astute investors are looking for these modern opportunities.

Therefore 2022 is likely to be a year in which even more investors, both retail and institutional, move into new asset classes, especially empowering ones such as cryptocurrency which can be influenced by the ‘crowd’ rather than controlled by investment banks.

We may well be entering the age of empowerment and democratization for traders… exciting times are ahead!

Andrew Saks, ETX Capital.

Dogecoin (DOGE) Price Prediction 2022

Dogecoin launched in December 2013 as a Reddit joke coin. However, soon after launch, the coin went to the mainstream, attracting several use cases. Among its earliest uses include online tipping and charities.

Over the years, DOGE became one of the most significant crypto assets and the largest meme coin as of 2020. It reached the top 10 crypto assets by market cap. For many crypto users, Dogecoin is a household name. This guide explores the price changes of Doge in 2021 and what to expect in 2022.

DOGE Gained Over 3100% in 2021

Dogecoin performed exemplarily in 2021. It’s true to say that 2021 is the best year for DOGE since its launch. At the start of the year, DOGE was trading at $0.005685. By February, the coin hit $0.034 and later went to as high as $0.7376 in early May.

However, even though the prices of the coin surged, the bullish trend didn’t last for long. Over a month later, the coin had lost a large portion of its value. As of December 2021, the currency was trading around $0.18, losing over 70% of its all-time high recorded in May.

Compared to prices at the start of the year, DOGE has gained massive profits in 2021.

Trade Dogecoin with eToro

So, what drove its value to such excellent performance?

The most influential factor was the bullish crypto market noticed from December 2020. Post the bitcoin halving, BTC and the entire crypto market began a bullish run. However, a larger bullish statement happened at the start of 2021 when bitcoin managed to triple in value. Most of the other cryptos followed the course with DOGE being one of the beneficiaries.

While bitcoin contributed vastly, external support by influencers and KOL expanded DOGE’s growth. Elon Musk and Snoop Dog are among the two major KOLs who impacted Doges prices. Their tweets led to an immense increase in the communities of those top crypto assets.

Furthermore, another factor that vastly contributed to the growth in Dogecoin is the increase in use cases. In 2021, multiple companies and platforms accepted DOGE payment options. In the early months, Dallas Mavericks accepted the use of the coin for purchasing tickets. Mark Cuban, the Dallas Mavericks owner, tweeted that “DOGE is the one coin that people use for transactions.”

AMC Entertainment, a movie network, also announced plans to use it as a payment option.

Finally, Dogecoin is one of the crypto networks with the biggest fanbases. The official Dogecoin twitter page has a massive 2.7 million followership. It’s also the most famous coin on Reddit, having originated from that.

As soon as the coin hit its ATH, it lost over 70% in value. The price plunge marked the start of a bearish statement, triggered by factors affecting BTC. Elon Musk was criticized on social networks, with people claiming he is planning a pump and dump scheme. But, at the end of 2021, Musk still supported DOGE, contributing to the reformation.

Elon Musk’s impact and the Bitcoin price actions caused the changing prices in Doge over the year 2021.

What Awaits DOGE in 2022?

There is a lot of positivity within the DOGE community concerning the coin in 2022. The crypto space will indeed grow further next year, and that will be noticeable from cryptos like Dogecoin. In 2021, the coin benefited from broad institutional adoption as a payment option. The same will continue in 2022, with more retailer shops and exchanges endorsing DOGE.

Tesla was vastly linked with Dogecoin in 2021. Some investors tried to convince Elon to accept it as a payment alternative for Tesla. While nothing is official yet, the coin’s enthusiasts can follow the developments in 2022.

In mid-2021, some DOGE enthusiasts suggested a new use case for it in hot tubs. That would increase the relevance of the coin in daily activities. Elon seemed to have loved the idea, but it’s still under exploration. Enthusiasts will love to see more on the use case come 2022.

There are already several DOGE killers during this report’s writing. However, in 2022, the crypto space may notice the rise of more Dogecoin killer tokens and coins like Floki. If any of them is like Shiba Inu, DOGE may face more competition.

Considering all the expected developments, 2022 will likely be a more significant year for the coin. The question is, how will the above developments affect its price?

Dogecoin 2022 Price Prediction and Technical Analysis

Some experts anticipate that by mid-2022, DOGE will hit the $1 mark. Others expect the price to go as high as $1.5 in the next five years.

According to technical indicators, Doge is currently trading below its 200-day simple moving average. Due to the massive developments the coin will undergo next year, it could easily perform better in the long term.

A chart showing the 200-day simple moving average, with Doge trading below the average

While there are expectations of DOGE hitting the new ATH at $1, investors might have to settle for a far less value at around $0.40, according to walletinvestor. For the coin to hit an immense high next year, it must continue garnering community support.

All in all, DOGE is expected to pump higher come 2022. Investors can wait and see how things pan out.

Shiba Inu Price Prediction For 2022

Several factors, largely external, contributed significantly to the massive surge in Shiba Inu price. Elon Musk tweets indicating that he was shifting his support from dogecoin to Shiba Inu perhaps carry the most weight in the meme coin price proliferation. Additionally, a petition to have the meme coin listed on the Robinhood platform also contributed significantly to having massive price growth. Thirdly, the meme coin released non-fungible tokens known as Shiboshis. What’s more, Listing on numerous crypto exchanges has increased its visibility.

A combination of these factors saw SHIB’s value grow over 50000000% to eventually overtake dogecoin and become the reigning meme coin, at least for a day.

Shiba Inu Price Forecasts

Currently, Shiba Inu is trading at $0.0000324, a massive dip from an all-time high of $0.00008833. At the time of writing, the 24-hour trading volume was $1,993,797,637. The meme coin is the 13th biggest crypto with a market cap of $17,846,214,682, a good standing favored by global investors.

Start trading Shiba Inu with eToro

CryptoPredictions.com Forecasts

CryptoPredictions.com is a leading prediction site for digital assets that also has SHIB forecasts. These forecasts are calculated with the use of Shiba Inu historical data while using mathematical formulas that help determine the likely future trend of the cryptocurrency.

Q1 and Q2

In the first quarter of 2022, the site expects the price of Shiba Inu to trade at a maximum price of $0.000084. The price is expected to grow and eventually reach $0.000088 by the end of June.

Q3 and Q4

The steady growth is expected to continue in the third quarter and reach a maximum price of $0.000093 by September. The forecasted price in the fourth quarter is a maximum of $0.000098 and eventually hit $0.0001 in January 2023.

Shiba Inu is developing new products that could give it the push to touch new highs. For example, its developers are working on $LEASH and $BONES flagship tokens.

In addition, it is in the process of rolling out SHIBSWAP, a crypto exchange that will make it easy for traders to exchange SHIBs with ease. Currency is available for trading at Huobi, OKex, and Binance.

Technical Analysis

The Shiba Inu chart pattern has formed a bullish triangle pattern which points to a possible upwards breakout. Therefore, investors can expect a bullish movement. However, if the breakout fails, the price will continue to plummet.

Also, the price is consolidating in a previous resistance zone, around $0.000030. This area acts as a support level. If the buyers manage to control the market, the price will likely reverse and head upwards. However, if the market fails to hold at this level and breaks below the area of interest, the price of Shiba could continue to fall.

It is imperative that traders exercise a lot of patience at this level to withstand the contests between bears and bulls. To give you a perspective, many traders could be trapped, especially in a false breakout.

The relative strength indicator currently stands at level 40. This means that the bearish move could continue as the price heads to oversold areas. But that does not rule out the possibility of the bulls taking charge of the market any time, especially if fundamentals give them a reason to buy.

The chart also shows price movement within a descending channel. Investors with bullish prejudice should wait for the price to break above the channel. Once it retouches the channel, you should be ready to open long positions.

Fundamental Analysis

SHIB critics argue that it lacks real utilities or underlying value.  Instead, its growth has largely been due to the fear of missing out (FOMO), speculation, and Elon musk’s erratic tweets.

But here is good news. The digital token has lined up a chain of interesting projects. In December, Shiba Inu contracted Playside, an Australian video game developer, to develop a multiplayer collectible card game. Besides game development, the creation of level 2 blockchain Shibarium is ongoing. In addition, Shibarium will host an Oshiverse metaverse and other ambitious projects.

Newegg tech e-retailer and AMC Entertainment have emerged as the first merchants to accept SHIB payments. Flexa recently announced it has integrated Shib as an accepted payment token which will allow users to pay at Lowe’s, Gamestop, and Whole Foods. It has also partnered with the Bitpay crypto payment integration platform. What’s more, Bitsmap is planning to list Shib in December.

Shiba Inu is down 60% from its all-time high price despite the great prospects. It is likely the downtrend could extend to 2022.

The previous bull run has turned many Shiba Inu holders into millionaires. Launching the projects mentioned above might boost the meme coin value. But remember, previous bull runs were largely dependent on the buzz in the Shiba Inu community. Some investors hope Elon Musk will post another tweet supporting the meme coin, or another narrative will go around.

Final Words

If Shiba Inu becomes an accepted means of payment, it will have real utility, translating to sustainable growth. The Shib army is unrelenting, and Elon hasn’t dropped the coin. From a technical analysis perspective, SHIB is likely to reverse from the bear market and head upwards. In this case, the price is likely to hit resistance at the all-time high of $0.000088 and break above the level. Our Shiba Inu price prediction for 2022 is Shiba Inu will hit the $0.0001 psychological level. Therefore, hodling may not be a bad idea.

AMC Price Update – AMC Must Hold $20.00 to Prevent Panic Selloff

AMC DAILY CHART– Prices rallied from $1.92 to $72.62 in just 5-months. Most retail traders have a buy-in price above $15.00, and their profits are dwindling quickly. It’s easy to HODL when everyone sees green – it gets much harder when those numbers turn red (trust me).

 

In overview, as novice traders see their 2020 profits turn into losses, they may begin to panic. Prices dropping below $20.00 within the next 48-hours to 72-hours could initiate a cascading selloff. If prices don’t hold $15.00, they could reach $10.00 quickly.

AG Thorson is a registered CMT and expert in technical analysis. He believes we are in the final stages of a global debt super-cycle. For regular updates, please visit here.

 

Bitcoin Payments: Why and How to Accept BTC on Your Website

Over 18,000 businesses already accept Bitcoin payments, enjoying savings up to 80% in transaction costs, higher profit margins, and access to an audience of 300+ million crypto holders. Read our guide and find out how to accept crypto in a few easy steps with the world’s fastest-growing gateway.

4 strong reasons to accept Bitcoin Payments

According to the latest report by CoinsPaid, the number of companies that accept cryptocurrency through this particular gateway has ballooned from 300 to over 800 in 2021. What is driving all these merchants to accept Bitcoin payments on their websites? There are 4 main reasons.

  1. 80% less in processing costs. The average processing fee for a BTC payment starts from 0,8%, as opposed to the 2-5% that merchants have to spend on bank acquiring fees when accepting card payments, Plus, if you accept Bitcoin payments, you can forget about chargebacks and rolling reserves.
  2. Near-universal acceptance rate. Crypto transactions go through in almost 100% of cases. Moreover, several major providers process payments in BTC, ETH, and BCH almost instantly.
  3. Security. A cryptocurrency payment is easy to track, so if the gateway finds something suspicious about a transaction (e.g. if it involves so-called ‘dirty’ coins), it notifies the merchant at once.
  4. Competitive edge. More than 400,000 people in the world use BTC on a daily basis,  and many of them actively seek out businesses that accept Bitcoin. Adding this payment option can give a merchant access to this constantly growing audience.

If you are curious which companies accept cryptocurrency, here are a few prominent examples:

  • AMC, the largest cinema chain in the US;
  • Twitch, a game streaming platform;
  • Microsoft (store only);
  • Newegg, an electronics retailer;
  • Overstock, a leading furniture & home goods store, etc.

Integrating a crypto processing gateway in 8 steps

Most businesses that accept Bitcoin don’t do so directly, but rather with the help of a specialized processor. Just like in the world of fiat payments there are Stripe, ChronoPay, Braintree, etc., the crypto payment market has its leading PSPs, including BitPay, CoinsPaid, CoinBase Commerce, etc.

When choosing a gateway through which to accept Bitcoin payments, merchants are advised to look for the following:

  1. Transparent fees (no hidden commissions or exchange rate gaps);
  2. At least 10 different types of cryptocurrency accepted, plus several fiat currencies;
  3. Instant crypto-fiat conversions and direct fiat settlements;
  4. A security audit report.

The integration itself can take as little as one business day and will follow a process that we will outline below.

Step 1: API setup

An API allows the merchant’s website to exchange data with the gateway’s server. The secret API access code allows you to withdraw funds from the account, so it has to be stored in a very secure location.

Step 2: choosing which coins to accept

While you should definitely accept Bitcoin payments, there are many other coins and tokens worth adding to your site. These include ETH, BCH, LTC, USDT, DOGE, TRX, etc.

You should also add a few fiat currencies. Many merchants that accept crypto prefer to convert it into fiat automatically (USD, EUR, etc.) to avoid volatility risks. If the price of BTC goes down, you can always convert fiat back into Bitcoin for additional gains.

Step 3: automatic withdrawals

Some gateways allow you to instruct the system to do withdraw the accumulated revenue automatically once the balance reaches a certain value, instead of withdrawing coins manually to an external wallet every time.

Step 4: setting up fiat options

Being able to accept crypto and withdraw fiat is very handy and will save your accounting and reporting team a lot of hassle. With some gateways, you can also deposit fiat money in the merchant balance using a SEPA or SWIFT transfer.

Step 5: learning to manage transactions

Crypto processing dashboards let you access detailed information on every transaction, be it made by a user paying in cryptocurrency for goods and services, or an automatic withdrawal, a top-up made by someone on your team, etc.

Step 6: testing

It’s strongly recommended to practice with a demo dashboard first before you begin to accept Bitcoin payments in live mode. You’ll need to test deposits, currency conversions, API requests, callbacks, and withdrawals.

Step 7: add a BTC payment button or form

Now that everything is set up on the back end, you’ll need to design an attractive payment button or icon on the site to let users know that paying with Bitcoin is available. The crypto payment provider should be able to assist with this.

Step 8: let the world know that you accept Bitcoin payments

Setting up crypto payments through a processor is just half of the job. The other half is to attract crypto traffic to your site – that is, spread the word that crypto holders can pay with crypto and encourage existing users to switch to digital currency.

The best ways to do this include:

  • Social media campaigns with relevant hashtags and attractive visuals;
  • Adding your website to directories listing crypto-friendly merchants;
  • Discounts, giveaways, or gifts for those who pay with crypto;
  • Press releases, newsletters, and blog articles;
  • Collaborations with influencers;
  • Publishing a tutorial on your site for first-time crypto payers.

As cryptocurrency adoption increases and BTC garners more and more attention from the media, the question isn’t to accept or not to accept Bitcoin payments – but rather what is the most efficient way to do it. Working with a reliable processing provider and using the correct marketing tools, you will soon see first a trickle, and then a veritable stream of new customers, increased revenue, and much lower payment costs.

Newegg Adds Shiba Inu to Payment Option

The crypto community has had one of its best years with a spate of adoption from giant companies around the world. Shiba Inu, one of the crypto revelations of the year, has enjoyed continued growth in its popularity and adoption as Newegg has revealed that it would accept the popular meme coin on its platform.

Newegg joins AMC in embracing Shiba Inu

According to a recent tweet from the official Twitter handle of the E-commerce platform, Newegg will finally be accepting Shiba Inu on its platform after hinting that it could be accepting the asset soon.

This was also given wider publicity by the company via a digital out-of-home (DOOH) campaign that was displayed on The Reef, North America’s largest DOOH billboard.

Little over a week ago, the California-headquartered company had spoken to the volunteer project lead of the Shiba Inu project Shytoshi Kusama via Twitter to clarify some issues surrounding their possible adoption.

Andrew Choi, Director of Brand Marketing at Newegg revealed that the idea would be coming true through the partnership of BitPay, which would be used to facilitate the payment. According to Choi, “Through our partnership with BitPay, we have the ability to move quickly and lead the market with flexible cryptocurrency payment options. To that end, we’re excited to offer SHIB as a payment option on Newegg.com.”

Apart from Newegg, other notable companies that now accepts Shiba Inu as a viable payment option includes leading American theatre chain, AMC, Nexus Aurora, Marklien

Crypto community reacts

Community members of Shiba Inu have reacted positively to news of the adoption with the tweet already generating over 15,000 likes on Twitter.

One of the responses from the #ShibArmy stated that “Adoption by large online global retail business is great for $SHIB.” Another member of the community Shibillionaire said that he would be patronizing Newegg because of its adoption of the meme coin.

Since reaching its new ATH of $0.00008845 on October 28, Shiba Inu has lost 55% of its value and is currently trading for $0.00003912. The asset is also currently ranked as the 12th largest crypto asset by market cap.

AMC Partners Sony to Gift Moviegoers With Spider-Man NFTs

Leading US theatre chain, AMC, has made a number of crypto-related activities this year, the latest is its attempt to giveaway NFTs for an upcoming movie screening in partnership with Sony.

AMC to gift patrons Spider-Man NFTs

According to a press statement issued by the company, AMC will be gifting movie goers who pre-orders “Spider-Man: No Way Home” with Spider-Man NFTs as a way of appreciating their patronage.

The Spider-Man NFTs would be designed by Cub Studios and are expected to be at least 90,000 pieces, however, only 86,000 pieces of the tokens would be given to the movie goers.

Winners of the NFTs will receive a code to redeem their free NFT before March, 2022 on Wax blockchain which is currently one of the most utilized blockchain in the world presently. The said movie ticket would begin selling on November 29 and it is expected to be screened on December 16 on AMC theatres in the United States. 

While this might be AMC’s first interaction with NFTs, the tokens have gained popularity and adoption by various sectors across different human endeavors. 

NFT, short for non-fungible tokens, have a fungible feature that makes it impossible to interchange or replace them with other tokens because they are created with distinct properties that makes them unique. 

AMC crypto payment adoption

One of the major firms that have embraced crypto adoption this year is the American leading theatre chain, AMC. 

Just recently, the firm’s CEO, Adam Aron announced that the firm would start accepting payment for its tickets and other products in crypto assets like Bitcoin, Ethereum, Bitcoin Cash and Litecoin

Aron had also recently revealed that the firm could start accepting two of the popular meme coins, Shiba Inu and Dogecoin soon, leveraging on the growing popularity of these coins.

Though Shiba Inu now boasts the distinction of being one of the few digital assets with over 1 million holders, its value has declined rapidly by as much as 50% after it reached a new ATH towards the end of last month and after briefly being among the top 10 crypto assets by market cap.

Shiba Inu Slips in Coinbase Volume Rankings. Is the Coin’s Popularity Fading Away?

Shiba Inu was one of the best-performing cryptocurrencies a few weeks ago, but it has now slipped in terms of market ranking.

Shiba Inu Slips in Coinbase Volume Rankings

Shiba Inu debuted on the Coinbase cryptocurrency exchange a few weeks ago. Listing on Coinbase usually comes with a lot of frenzies as the demand drives the prices higher. However, SHIB has been performing excellently before then.

SHIB was one of the best-performing coins in recent weeks. Following its massive rally that saw its total market cap touch the $35 billion level, SHIB briefly overtook Dogecoin to become the tenth-largest cryptocurrency by market cap.

However, the frenzy around Shiba Inu has died in recent weeks, with the bear market currently in place. According to the recent reports, SHIB accounted for roughly 6.7% of the total trading volume on Coinbase. This means that Shiba Inu has dropped below Bitcoin and Ether in the volume ranking list.

SHIB previously accounted for the highest trading volume on Coinbase a few weeks ago, contributing 16.6% to total activity in the seven days to November 11 and 25% in the seven days to November 5. The massive whale movement of funds has affected SHIB’s performance in recent weeks.

Shiba Inu is the meme coin designed to kill Dogecoin, but it remains behind DOGE in terms of market cap and trading price.

Is SHIB’s Popularity Fading Away?

The recent dip in SHIB’s trading volume on Coinbase has led to questions about its popularity. Shiba Inu has also lost its place as the eleventh-largest cryptocurrency by market cap after it was overtaken by Avalanche (AVAX) a few hours ago.

SHIB/USD 4-hour chart. Source: FXEMPIRE

At press time, SHIB is trading at $0.0000426 per coin, down by nearly 5% over the past 24 hours. SHIB is currently down by 50% from the all-time high of $0.00008616 it achieved roughly a month ago.

The broader cryptocurrency market is currently in a bearish trend, and it would be interesting to see how SHIB performs once the bull market returns. AMC Theaters announced last week that Shiba Inu is one of the coins it would start accepting as payment options in the first quarter of 2022. NOWPayments also revealed that it had adopted SHIB as a payment method.

Thus, the adoption of Shiba Inu continues to rise despite its price currently on the decline.

When Shiba Inu Will Be Added to AMC’s Crypto Payment Lineup

Shiba Inu fans have a lot of sway in the cryptocurrency market. They have made it onto the radar of AMC Entertainment CEO Adam Aron and won him over. Not only will the movie chain be adding the meme coin to its payment lineup but Aron has prompted blockchain tech company BitPay to add support support Shiba Inu too.

Thanks to BitPay’s tech for sending and receiving crypto payments, moviegoers will be able to pay with SHIB to pay for movie tickets and concessions. The milestones continue, as Aron says that AMC will be the maiden BitPay client to accept SHIB payments.

Shiba Inu holders who want to know when they can begin using their SHIB at AMC won’t have to wait too long. Aron revealed the timing of the integration too, saying it would be in 60-120 days and exclaiming,

“This is a Wow!”

 

AMC’s Crypto Push

AMC first caught crypto fever when it announced on its second-quarter earnings call in August that it would be adding bitcoin payments. The company expanded its list to include a handful of other coins before the overwhelming response from the meme coin community convinced Aron to move in that direction.

AMC has made good on its crypto promises and is now accepting bitcoin, Ethereum, Bitcoin Cash and Litecoin payments. They are focused on adding Dogecoin next, which Aron has reportedly said will happen in the next 90 days. Now now Shiba Inu has muscled its way into the pipeline, while AMC has provided a model for other companies to potentially emulate.

Shiba Inu Price

The Shiba Inu price may be off about 40% from its peak, but it has been a rock star token this year, having muscled its way into the No. 11 spot in the market cap rankings. As the payments use case for SHIB grows stronger, thanks to companies like AMC, the token could be more in demand among users.

In addition, AMC might not be a direct crypto play, but it is certainly has shown a willingness to go down the cryptocurrency rabbit hole. In fact, there also is a movement on Twitter to move AMC toward issuing tokenized NFTs in an attempt to shake out the shorts.

Meme Stock Candidate (HYMC)

Meme Stock Criteria

To find a high-quality meme candidate, you need the following ingredients, in my opinion.

1) A small tradeable float

2) A low market cap.

3) Ability to trade on Robinhood

4) A low share price.

5) An Underdog or Romantic Story

6) Social Media Frenzy

Below I discuss a silver stock that I believe meets two-thirds of the benchmarks mentioned above.

Meme Stock Candidate

In my opinion, Nevada silver miner Hycroft Mining (HYMC) is one potential meme worth investigating.

Hycroft Mining History

The previous mine operator was Allied Nevada, which went bankrupt in 2015. Hycroft restructured and reemerged in 2019; prices dropped precipitously. The company is laying off workers and shutting down some operations. In all likelihood, they may go bankrupt (again). Prices have collapsed from $16.00 in 2020 to nearly $1.00.

Chart Description automatically generated

 

The stock is an absolute disaster, but it holds 4 of the 6 meme ingredients (see below).

Meme Candidate Checklist

1) SMALL FLOAT: According to Yahoo, HYMC has total outstanding shares of 60 million. Of that 60-million, 85% is held by institutions. I believe those institutions are part of the Allied Nevada settlement and won’t be selling until they reach a profit (likely above $16.00). So, that leaves about 9-million shares available for trading, according to quick math.

Graphical user interface Description automatically generated with medium confidence

Note- I don’t believe the Short % of Float of 245% is accurate.

2) MARKET CAP: With a market cap of just $63 million, there is plenty of room for 10X returns.

3) ROBINHOOD: Hycroft Mining trades on Robinhood under the ticker HYMC.

4) LOW PRICE: Currently, HYMC is trading at just above $1.00.

5) UNDERDOG STORY? On the story side, HYMC reportedly has the largest silver deposit in America. Silver was in the spotlight briefly after GameStop. Silver is not only a monetary metal: it is critical to the new economy (from solar to E.Vs).

With yesterday’s news, HYMC appears to be nearing life support (like AMC and GME). Perhaps this story will evolve into an underdog narrative? Or maybe not.

In my personal portfolio, I bought HYMC at around $3.50 earlier this year. I bought a few warrants Wednesday, and I bought some HYMC stock for the Gold Predict Metals Portfolio Thursday. Premium Members were alerted first.

Click here to view my recent article, Gold Price Forecast – Major Breakout Alert

AG Thorson is a registered CMT and expert in technical analysis. He believes we are in the final stages of a global debt super-cycle. For regular updates, please visit here.

AMC CEO Wins Over Investors With Crypto Payments

AMC Entertainment CEO Adam Aron has shifted the narrative away from himself. Aron recently came under fire for parting with more than 600,000 AMC shares in an attempt to diversify as part of his estate planning. The stock came under pressure as investors criticized the timing of the share sale, as it took the wind out of the sails of AMC’s stock. Now AMC is in recovery mode.

Aron has managed to return to good terms with investors after he revealed that the theater chain’s cryptocurrency plans have come true. In a tweet, Aron stated that crypto has become one of the ways for customers to pay online for movie tickets and snacks.

AMC is now accepting bitcoin, Ethereum, Bitcoin Cash and Litecoin. Outside of crypto, the company is also making it possible for moviegoers to pay using Apple Pay, Google Pay and PayPal. Aron knows that the meme-coin community is awaiting their turn, and Aron assured his followers that Dogecoin will be next.

 

The chief complaint about Ethereum is its lofty fees. As a result, moviegoers might not be in a rush to pay with that digital asset, as Quantum Economics founder Mati Greenspan pointed out.

Dallas Mavericks owner Mark Cuban has stated in the past that fans are more willing to pay with Dogecoin over bitcoin because they see the leading cryptocurrency more as a store-of-value rather than a medium of exchange.

Bitcoin Taproot Upgrade

The bitcoin price has dipped below the $64,000 level but it could be gearing up for another leg higher. Bitcoin has been a steady leader and has buoyed the broader crypto market higher to a combined market cap of over $2.7 trillion. But it has been the smart contract platforms like Ethereum that have been grabbing the spotlight of late for their DeFi and NFT innovation.

Now bitcoin is awaiting a catalyst of its own, known as taproot. Bitcoin hasn’t experienced a major upgrade like this in four years, so taproot is kind of a big deal. Taproot is designed to usher in greater scalability and smart contract functionality, paving the way for more DeFi activity on the Bitcoin blockchain.

While taproot is bullish for bitcoin, it remains to be seen if these gains have already been priced into the market. It is possible that this upgrade could be one rung in the ladder to bolster the bitcoin price to new heights before the end of the year, with $100,000 one of the popular targets.

AMC Entertainment Chief Unloads Shares, Stock Tanks

AMC Entertainment’s stock has been under pressure since the company reported its third-quarter earnings results. Now the CEO has added fuel to the fire. Adam Aron, who is at the helm of the theatre chain, has unloaded 625,000 AMC shares in a stock sale for $40.53 per share, on average, for roughly $25 million. The stock is now trading below $40 per share.

Aron’s stock sale was planned, as per a filing with the U.S. SEC. Even though Aron filed for the share sale with regulators and warned investors about the plans months ago, the stock still got punished.

AMC is one of the most popular meme stocks and is a favorite among retail investors. Aron is known for engaging with fans on social media, and this latest stock sale is no different. He tweeted about it, and the responses from his followers were mixed. They ranged from disappointment about the timing, because it took the wind out of the sales of the stock, to understanding and even calls for him to use the proceeds to invest in Dogecoin.

 

The AMC chief has only sold about half of the shares that he plans to part with. The movie executive is selling the stock as part of his personal estate planning, and he has been transparent with AMC investors all along, including on Monday’s earnings call.

Elon Musk Follows Through With Plans

AMC’s Aron is not the only CEO unloading shares. Tesla chief Elon Musk has followed through with his promise to sell some of his TSLA stock after polling his Twitter followers in recent days. According to an SEC filing, Musk exercised options that were set to expire in 2022 to buy at $6.24 per share and cashed out of 934,000 shares for over $1 billion. Tesla’s stock is trading at over $1,000 per share. Musk made the sale to “satisfy…tax withholding obligations,” the filing states.

Musk’s Tesla stock sale is a drop in the bucket if he is going to fulfill his plans to sell 10% of his TSLA holdings. To reach his goal, Musk will still need to unload more than $20 billion of his Tesla holdings.

Investors sold on the rumor that Musk would be unloading shares earlier in the week, slashing billions from Musk’s net worth, but they bought on the news. Shares of the electric vehicle maker increased 4% in the regulator session and then tacked on another 2% in extended hours trading.

Robinhood Makes No Promises to Shiba Inu Fans

The Shiba Inu community has been influential in getting the pendulum to swing in their direction. The meme coin has recently scored a listing on eToro and could potentially be added as a payment method at movie chain AMC Entertainment.

Shiba Inu fans aren’t done and have their sights set on winning over a couple of companies that have played hard to get, including Tesla and Robinhood. SHIB investors might want to put at least one of those dreams on the back burner for now.

Don’t Call Us, We’ll Call You

Shiba Inu investors have been targeting a listing on online broker Robinhood. The trading app has more than 22 million users on its platform. In addition, the number of people on the waitlist for Robinhood’s crypto wallet just shot up to 1.6 million and counting. Nonetheless, it does not appear that Shiba Inu will be making an appearance anytime soon.

Robinhood crypto COO Christine Brown shared some of the company’s strategy at a Decrypt event this week. While she seems to respect the dogged persistence of the meme-coin crowd, Robinhood isn’t swayed easily.

Start Trading Shiba Inu now with eToro

Brown made it clear that Robinhood is not Coinbase and is not looking to become the “Amazon of assets” like its competitor. While the executive kept the company’s meme-coin cards close to the vest, it’s safe to say that they are not in a hurry to jump on the Shiba Inu bandwagon. Brown said,

“Our strategy is a little bit different than a lot of the other players out there who are just racing to list as many assets as possible right now. We think that the short-term gain we might get is not worth the long-term trade-off for our users.”

Shiba Inu investors were dealt another blow when Kraken hinted at listing the meme coin but later backpedaled, saying its review process was not complete.

Robinhood Hack

Robinhood recently experienced a security breach in which it was hacked, placing millions of users at risk. The bad actors accessed email addresses on about 5 million customers while an additional 2 million had their names exposed. Robinhood has since stated that it has the situation under control.

Shiba Inu Price

After recently setting a new all-time high, the Shiba Inu price is retreating. SHIB is down 7% in the last 24 hours and has shaved 20% from its value in the past week.

The meme coin has minted some new millionaires and even a billionaire in its short history. With Shiba Inu’s market cap of $28 billion, crypto investors have learned not to count this one out.

AMC Explores Addition of Shiba Inu to Crypto Payments Lineup

AMC Entertainment is seemingly exploring ways to add Shiba Inu to the list of cryptocurrencies that it accepts as a payment method at its theatres. The company’s developers are already hard at work adding code to support a group of coins, and now they may be even busier.

The movie chain is currently gearing up to accept Bitcoin, Dogecoin, Ethereum, and Litecoin for tickets and concessions in the coming months. Plus customers can already buy digital gift cards with Dogecoin via a BitPay wallet.

On AMC’s Q3 earnings call on Monday, management revealed that they are looking into adding Shiba Inu to that list. The movie chain’s wheels are turning to support the popular meme coin on the heels of Shiba Inu’s bullish October. AMC also revealed that they will be prepared to accept crypto payments in Q1 2022.

Start trading Shiba Inu with eToro

The writing for Shiba Inu is nearly on the wall. In late October, AMC CEO Adam Aron polled his Twitter followers about whether the company should take SHIB. After receiving more than 150,000 votes, the results were clear when more than 80% of survey participants voted in favor of accepting online payments in Shiba Inu.

AMC is not done innovating and is also interested in potentially issuing its own cryptocurrency as well as going down the rabbit hole on non-fungible tokens, or NFTs via partnerships with movie studios.

AMC is not the only major company looking to go deeper into crypto. Payments platform PayPal said on its Q3 earnings call that it is also looking to bolster its crypto options.

AMC Earnings

Shares of AMC Entertainment rallied 8% on Monday to reclaim the $45 level. The stock took a turn for the worse in extended-hours trading on the heels of the company’s Q3 earnings results. For the year, the stock is up 2,000%-plus, a rally that was ignited by the loyalty of retail investors who set out to upend sophisticated hedge fund traders with short positions in AMC.

AMC CEO Adam Aron warned that the company is not totally out of the woods yet from the pandemic and faces challenges ahead. Nonetheless, the stock has been extremely resilient and Q3 results were a step in the right direction.

For Q3, AMC reported revenue of $763.2 million, surpassing Wall Street estimates of $708.3 million. AMC recently hiked prices for concessions at its theatres, fueling growing in its food and beverage sales as customers doled out more for popcorn and soda.

In addition, AMC’s quarterly loss was narrower than anticipated at $224.2 million, or $0.44 per share. Analysts were bracing for a loss of $0.53 per share.

Shiba Inu Investors Riding High

Shiba Inu coins are attracting a growing number of investors as they offer the possibility of quick gains.

Shiba Inu investors have benefited from the meme token’s eye-popping rally. Over the last year, the meme cryptocurrency has soared by 60,000,000%.

Start Trading Shiba Inu now with eToro

Investing in memes has now been a viable option for crypto investors in 2021. Retailers are attracted to lower-priced tokens.

Additionally, rumors abound that it will be added to Robinhood, a popular trading platform.

The change.org petition has garnered more than three hundred thousand signatures, and while Robinhood has yet to respond, its CEO Vladimir Tenev said earlier this week that the platform will carefully evaluate whether it is possible to add new cryptocurrencies while remaining compliant with regulatory requirements.

One of the biggest movie theatre chains worldwide, AMC Theatres, is reportedly considering accepting Shiba Inu (SHIB) as a means of payment for tickets thereby giving the meme crypto additional positivity

Consequently, data by Etherscan showed that about 41% of the token’s total supply is burned – meaning those coins are no longer in circulation. Though it appears that a single individual or entity owns that number of coins, it is actually a so-called “black hole,” in which Shiba Inu coins have been burned out of circulation.

Its website claims that 50% of the token supply is locked on Uniswap.

In addition, another 50% was gifted to Ethereum co-founder Vitalik Buterin, who donated the majority of it – more than $1 billion at the time – to the COVID-19 relief fund for India. Afterward, he burned the remainder, taking the supply out of circulation permanently.

Dogecoin’s alternative, Shiba Inu, is an Ethereum-based currency.

According to the coin’s white paper, dubbed a “woof paper,” it was founded in August 2020 by a person going by the name Ryoshi, who wanted to move away from “rigid social structures and traditional mindsets.”

Shiba Inu Investor Scores Trade for the Ages

Cryptocurrency investors have one thing on their mind: How high can the Shiba Inu price go? It is a question posed by crypto YouTuber Matt Wallace, a Dogecoin bull who has also been buying SHIB out of respect for the energy it has brought to the meme-coin community.

Start Trading Shiba Inu now with eToro

While SHIB fans are shooting for the moon, for one fortuitous Shiba Inu trader, the sky is already the limit. The owner of a Shiba Inu wallet who invested approximately $8,000 in the meme coin a little over a year ago has seen the value of their holdings skyrocket to$5.7 billion in what is going down in the unofficial history books as “the greatest individual trade of all time.” Shiba Inu continues to trade for fractions of a penny.

It all started with the purchase of about 70 trillion SHIB tokens in August 2020, which is when the meme coin first came on the scene. Back then, Shiba Inu was trading for $0.000000000189. This Shiba bull started buying on day one and now holds 13%-plus of SHIB’s total coins in circulation, which is inching closer toward 550 trillion. The investor’s returns have clocked in at the approximately 7 million percent mark, Business Insider points out.

This trader has not touched the wallet nearly 200 days, and their ability to access the funds is said to be uncertain.

SHIB Rally

Shiba Inu investors are fixated on how the Shiba Inu price will go. Many investors are targeting the one-cent level. The Shib Army, which is the name assigned to the Shiba Inu community, is urging one another to hold on for the  long haul.

Shiba Inu has shocked even the biggest crypto bulls in its run up in the past week in which it has muscled Dogecoin out of the No. 9 spot on CoinMarketCap.  SHIB investors have watched in awe as the price of their favorite cryptocurrency has soared from $0.00002749 to $0.00007515 in seven days, an increase of about 170% based on the latest price. Shiba Inu’s market cap now hovers at over $41 billion. By way of comparison, social media giant Twitter’s market cap is slightly over $42 billion.

Shiba Inu Bandwagon

Individual investors aren’t the only ones who want to jump on the Shiba Inu bandwagon before it’s too late. Movie Chain AMC Entertainment also has the meme coin in its sights. AMC CEO Adam Aron is polling his followers to gauge whether the company should accept online payments in Shiba Inu. Crypto-friendly AMC has already committed to accepting bitcoin, Ethereum, Litecoin and Dogecoin so far.

Source: Twitter

More than three-quarters of poll participants are in favor of AMC accepting Shiba Inu for payments. It could be only a matter of time before other companies come out of the woodwork, especially if the bulls manage to keep control of SHIB.

AMC Shares Touch on October Low as Earnings Draw Near

AMC Entertainment shares tumbled on Friday to near their lowest level for October and below the $36 threshold. The stock managed to close above its worst level of the day but still finished lower by nearly 7%. The company’s third-quarter earnings are right around the corner and CEO Adam Aron has innovation on his mind.

While the stock took it on the chin on Friday, it might not stay in the doldrums for long. AMC’s weekend ticket sales have given investors something to cheer of late as consumers head back to the movies. According to AMC CEO Adam Aron, the first three weeks of October were the best for “domestic industry box office” ticket sales since the pandemic reared its head.

AMC Q3 Earnings Preview

AMC is expected to report its third-quarter earnings results in the coming days. In Q2, management revealed that the movie chain was experiencing “strength in both average ticket price and food and beverage per patron as we move through the third quarter.” The company finished Q2 with more than $2 billion in liquidity, comprising cash and credit facilities.

Investors will be listening for any updates on the opportunities in gaming and cryptocurrencies. Epic Games President Adam J. Sussman has a seat on AMC’s board, so it would not be too farfetched to see some collaboration there. Aron could also tip his hand to any potential partnership with GameStop, which investors have been requesting.

In addition, AMC recently raised its ticket prices, which Aron expects has been “palatable” for moviegoers and is something he hopes will translate to the bottom line.

AMC Crypto

Investors are widely anticipating AMC’s expansion into cryptocurrencies. The movie chain is expected to begin accepting bitcoin payments by year-end and will also add support for Dogecoin in early 2022.

Now the company is exploring the issuance of its own cryptocurrency. Aron suggested in a recent interview with CNBC that an AMC coin could potentially be in the works, saying,

“There are a lot of reasons why AMC could be a successful issuer of cryptocurrency as well as a redeemer of cryptocurrency. That’s just one of half a dozen ideas that we’re working on right now.”

AMC is one of a growing number of companies that are making a crypto push, the most recent of which has been Walmart.