Tristan is a 19-year-old cryptocurrency investor with vast experience in digital currencies. He is among the few young minds forging their way into the crypto markets and taking over the industry. Tristan is a self-made crypto hedge fund millionaire and runs the first-ever altcoin crypto hedge fund to be managed by a person his age. He is a software engineer, and he is the developer of Coindrop.ai, the first automated marketing software meant to revolutionize the cryptocurrency marketing world.
His journey in the crypto markets is a fascinating one as he made $500K from an actual investment of $1200 within his first two months in the trade. Being a software engineer, Tristan uses Python to crack into the Dogecoin wallet, and he is on course to making $7.6 Million within the year. His success in the crypto markets at such a young age is completely unmatched. His hard work, dedication, and determination to scale higher will soon see him become one of the top crypto market?s investors in the coming years.
Though Bitcoin is the most popular digital currency, Tristan seems to have found favor and love for Dogecoin, which has become truly rewarding for him.
What is Dogecoin?
Dogecoin is a cryptocurrency such as Ethereum or Bitcoins, but it is based on a famous global meme. It was developed to be used to make fun of Bitcoin. Its developer, Billy Markus, came up with the idea as part of a joke targeting cryptocurrencies.
Dogecoin is a peer-to-peer digital currency that facilitates instant payments across traders at different locations. It is one of the fastest digital currencies, and a transaction is estimated to be 2.5 minutes at most. It gained proper market entry in 2017 following the bubble when all the other currencies were also rising.
How does it work?
Dogecoin works by utilizing blockchain technology like Bitcoin and Ethereum. The blockchains record every transaction you engage in and complete. This is achieved since the blockchains are circulated and secured in a digital register that records and stores all the transactions. Cryptography is used to secure all the transactions, and the owners carry a similar copy of the blockchain ledger.
A dogecoin can be used for payments and purchases but is not viable for value storage as there are no lifetime limits to the number of Dogecoins that can be mined.
How to acquire Dogecoins?
You can buy Dogecoins using a credit card on some of the cryptocurrency exchanges. Changing digital currencies from other forms of cryptocurrencies is also a way to acquire Dogecoins.
Mining is, however, the most popular way by which you can acquire Dogecoins. Faucets and tips are other ways to get Dogecoins, and you need to move your coins to the digital wallets once you have acquired them.
Are Dogecoins a good investment option?
Dogecoins are part of the digital currencies and are volatile and susceptible to swings in any direction. The currency is currently losing value after the announcement that Tesla owns $1.5 billion in Bitcoin. Such a move indicates a potential loss in Dogecoin, but this is entirely speculation. The market dynamics can never be predicted in such a highly volatile market. Tristan Barrett believes It is, therefore, your duty to study the market trends and make an informed decision. To him, Dogecoin has a considerable market potential worthy of exploitation.
Get in touch with Tristan Barrett on his accounts at Instagram, Facebook, TikTok, or LinkedIn.