Dogecoin, the seventh-biggest cryptocurrency, and AMC Entertainment have something in common. They have both attained meme status in their respective spheres. Now some Dogecoin fans would like to see those two worlds collide.
It appears to have started with YouTuber Steven Steele, who discusses many cryptocurrency-related topics on his channel. Steele, who has more than 10K followers on Twitter, suggested that AMC should start accepting Dogecoin as a payment method.
With all of the focus on bitcoin and Amazon, Steele has seemingly sought to shift the narrative in another direction. It is all speculation at this point, but Steele’s suggestion seems to be resonating with Doge fans. Dogecoin bull Elon Musk himself appears to have “liked” Steele’s tweet.
The suggestion seemed to draw mostly cheers on social media, with Steele’s followers suggesting that it would send the Doge price to the moon. Dogecoin continues to hold onto the USD 0.20 level, for now, but it has shed 3% in the last 24-hour period.
Twitter Account “It’s All Risky,” which is described as “a former bitcoin maximalist who took the Doge pill,” agreed with Steele’s AMC idea. The “It’s All Risky” account even tagged AMC CEO Adam Aron, who has been known to engage with his followers on social media, in the thread.
“It’s All Risky” suggested that if AMC jumped on the Dogecoin bandwagon, Aron would be in good company — alongside Doge fan Elon Musk. While Tesla owns some bitcoin, the EV maker has yet to add support for Dogecoin as a payment method.
Both meme assets — Dogecoin and AMC — have seen better days. The Dogecoin price has basically been slashed in half since early June, while AMC is trading below USD 40 after trading above USD 70 last month.
Burger King Brazil
Dogecoin has already caught the eye of other companies. Men’s consumer brand Axe, for instance, launched a limited edition of the “Dogecan,” which is a physical product that the company distributed for free.
Not to be outdone, Burger King Brazil has just introduced the Dogpper, which seems to be a play on the Whopper and which consumers can pay for using Dogecoin. Burger King Brazil has launched an online process in which Doge holders can transfer their coins to the restaurant’s Dogecoin wallet.
When big companies recognize cryptocurrencies such as Dogecoin, it drums up excitement in the cryptocurrency community. Whether that positivity will make its way to crypto market prices, however, remains to be seen.
This article was originally posted on FX Empire