THE Shiba Inu coin has spiked up in value as its rival DogeCoin drops.
The coin has risen by 21.3 percent this week, and 21.1 percent in just the last 24 hours.
Meanwhile, the “meme” Dogecoin has gone down 5.8 percent over the last week.
However, Dogecoin is still the the largest meme-based crypto asset in terms of market capitalization, according to Bitcoin.com.
It’s been a week full of movement fin the world of crypto, as AMC Entertainment CEO Adam Aron said on Wednesday that AMC Theatres will accept Bitcoin and other crypto for online ticket and concession payments.
Other cryptocurrencies like Ethereum, Litecoin and Bitcoin Cash will also be accepted, Aron said, but not Dogecoin.
He tweeted: “Cryptocurrency enthusiasts: you likely know @AMCTheatres has announced we will accept Bitcoin for online ticket and concession payments by year-end 2021. I can confirm today that when we do so, we also expect that we similarly will accept Ethereum, Litecoin and Bitcoin Cash.”
It comes after, US Securities and Exchange Commission Chairman Gary Gensler testified before the Senate Banking…