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For the past week, AMC stock has been trading in a range. In the meantime, AMC's stock has already risen by more than six percent in today's trading session. The price decreases of the previous two days have been erased by the present price hike. If the present trend continues, the stock price might potentially close higher today's trading session.
AMC's shares are currently on the rise as a result of the company's contentious investment in Hycroft mining. The movie theater investment in a mining firm, which was concluded last month, has sparked a lot of debate.
Exactly as promised, the AMC mobile app for AMC’s U.S. theatres now accepts online payments using Doge Coin, Shiba Inu, and other crypto currencies — thanks to Bitpay. Also Apple Pay, Google Pay and Paypal. To do so, you first will need to update to the latest version of our app. pic.twitter.com/MMy7SIxYbl
— Adam Aron (@CEOAdam) April 15, 2022
AMC, on the other hand, has had a few notable accomplishments this week, including allowing US customers to pay for movie tickets using Dogecoin and other cryptocurrencies using the AMC mobile app. As a result of this decision, the number of people adopting cryptocurrency is expected to rise significantly. Months after stating they were looking into using cryptocurrency to pay for movie tickets, the company's CEO, Adam Aron, made the announcement on Twitter.
They have made it easy to pay for a cinema ticket using cryptocurrency by using their mobile app. When you pick Bitpay as your payment option, you may then select the cryptocurrency you want to use in your transaction. As a result, the market's price of AMC is anticipated to rise further.
Stock Prediction by AMC
Over the course of today's trade, AMC's price rose more than six percent. Despite this, the data reveals that the cryptocurrency has experienced a 45 percent drop in price over the previous several weeks. There is a negative trend, since prices are trading under the Williams alligator indicator..
It's possible that the recent price spike is a sign of a new trend. That being the case, I anticipate AMC's stock price to rise in the days ahead. As a result, the long-term resistance level of $20.34 may be breached by the price. Even more so if today's trading session's volatility and upward trend persist
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