Yesterday, retail investors may have been watching the earnings cycle, as AMC Entertainment reported its third-quarter earnings.
Crypto investors jumped on this news and appeared to be bidding up the tokens that AMC will accept in anticipation of broader usage and the network effects this could cause.
The large-scale adoption of specific cryptocurrencies at AMC Theatres provides these given cryptos with a strong catalyst moving forward.
Cardano wasn’t specifically listed as a cryptocurrency to be included with this rollout.
The crypto space is one that’s been broadly defined by momentum-driven moves.
Right now, Litecoin, Bitcoin Cash, and Cardano are three tokens with incredible upside momentum.