AMC Entertainment Up 20% Amid ‘Meme Stocks’ Craze – Where to buy AMC
AMC shares are doing another double-digit upside as retail appetite continues in a trajectory that mirrors GameStop (GME).
The AMC price is up 8% on the day and nearly 24% in the past 24 hours as buy pressure propels it towards $20. Forget Dogecoin (DOGE) and Shiba Inu (SHIB) for now, the hottest meme assets in the crypto market are this AMC token and GameStop (GME).
AMC is trading at around $18.51 against the US dollar at the time of writing but looks ready to soar as retail interest rockets. To put it into perspective, AMC’s price is up more than 49% over the past week, 84% over the past 30 days, and more than 830% year to date.
Where Can I Buy AMC Entertainment?
Due to the volatile nature of the so-called “meme” stocks, not all brokers allow you to bet on them by opening new positions, but we’ve found the ones that do.
eToro
To buy Cardano on eToro, traders will need to sign up for an account and find it on the platform.
eToro is one of the world’s leading online brokers, offering access to a huge array of cryptocurrencies as well as traditional assets like stocks and commodities. It has been a stalwart of the industry for over 10 years and is one of our most trusted partners.
Plus500
Plus500 is one of the UK’s top trading brokers. Offering products on cryptocurrencies, stocks and commodities, the broker offers an easy way to buy, sell and trade cryptocurrencies such as Polygon.
The platform also features plenty of beginner friendly features, such as a learning centre and an intuitive easy-to-use user interface.
What is tokenised AMC stock?
The AMC token is the tokenized stock of AMC Entertainment Holdings, a leading cinema chain whose market fortunes plummeted following the coronavirus pandemic.
The stock trades on regulated exchanges, and investors can redeem them from CM-Equity, a custody provider registered in Germany. Investors seeking to buy AMC have to complete a KYC check, which helps protect traders and the brokerage platform on which the asset trades. You can trade AMC against BTC, USD, and USDT.
The post AMC Entertainment Up 20% Amid ‘Meme Stocks’ Craze – Where to buy AMC appeared first on Coin Journal.
OhNoCrypto
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Benson Toti, @KhareemSudlow