$1 DOGECOIN Is Around The Corner After Elon Musk Twitter Acquisition

Elon Musk just bought Twitter and Dogecoin prices soared by over 35% in 24hrs. The markets are reacting. Here is why this is happening.

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A cryptocurrency is a medium of exchange that is digital, encrypted, and decentralized. Unlike the U.S. Dollar or the Euro, there is no central authority that manages and maintains the value of a cryptocurrency. Instead, these tasks are broadly distributed among a cryptocurrency’s users via the internet.

You can use crypto to buy regular goods and services, although most people invest in cryptocurrencies as they would in other assets, like stocks or precious metals. While cryptocurrency is a novel and exciting asset class, purchasing it can be risky as you must take on a fair amount of research to fully understand how each system works.

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#Dogecoin#ElonMusk#Twitter