Kiss Rockstar Gene Simmons Buys 300K worth of Cardano
If you’ve been on the sidelines with Cardano, you might want to consider jumping in, as this past Friday Kiss Rockstar Gene Simmons dropped $300 large on Cardano.
He voiced his support for cardano (ADA) on Twitter after tweeting that he has purchased $300,000 of the cryptocurrency.
Rock star Gene Simmons has voiced his support for cardano (ADA) on Twitter after tweeting that he has purchased $300,000 of the cryptocurrency.
- Cardano’s native token ADA (-4.63%) is currently priced at $1.06 and is the fifth-largest cryptocurrency by market capitalization at almost $29 billion.
Why did I buy Cardano (ADA)? Well, for one thing, it’s affordable to almost everyone. It’s pennies compared to my other holdings like Bitcoin, which is over $50,000 a single coin. I believe everyone should be able to afford cryptocurrency. And here is one I believe in. pic.twitter.com/fyLvNzKm5Q
— Gene Simmons (@genesimmons) February 19, 2021
- Cardano is a blockchain that aims to address the scaling problems of Bitcoin, while also creating a platform for smart contracts that is interoperable with the mainstream financial system. ADA has risen more than 400% year to date.
- Simmons later praised Cardano founder Charles Hoskinson’s goal of helping develop emerging economies in Africa.
- The Kiss co-founder also stressed to his followers the importance of doing their own research before investing and pushed back at those who accused him of being compensated for his crypto endorsements.
- Simmons has previously revealed that he has holdings in bitcoin, ethereum (ETH, -1.7%), litecoin (LTC, 0%) and other virtual currencies and also has declared himself the “God of Dogecoin.”
How about you get a little less cynical. And do your own research, and make your own decisions. https://t.co/1rH1braXpU
— Gene Simmons (@genesimmons) February 19, 2021
Me personally, I’m very bullish on Cardano, from a tech and humanitarian standpoint as it’s going to revolutionize the financial industry for various nations within the continent of Africa. That alone is enough for me to rally behind ADA.
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