Dhiraj Nallapaneni is a Crypto Tax Writer at CoinLedger. As an Economics degree holder from the University of California Santa Barbara, he’s well versed in topics like cryptocurrency markets and taxation. More crypto advice Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
In spring 2022, the AMC movie theater chain announced that it would accept dogecoin as payment for online concessions and ticket purchases. The dogecoin community has been encouraging McDonald's to accept dogecoin, but the effort has been unsuccessful so far. Very few mainstream retailers accept dogecoin for payments. Who founded Dogecoin? Volatility: Dogecoin has a history of volatile price swings. While this can create opportunities for significant returns, it also poses a substantial risk of loss. Potential investors should be prepared for the possibility of rapid changes in Dogecoin’s value.