Gene Simmons says he’s added $300K of Cardano to his bags

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The long-lasting bass participant of rock band Kiss and up to date recruit to Elon Musk’s “Dogecoin army,” Gene Simmons, has introduced a six-figure funding into Cardano (ADA).

On Feb. 19, Simmons revealed on Twitter that he’d purchased $300,000 value of ADA. Whereas emphasizing that he’s not a monetary analyst — a useful disclaimer — the rock star stated he wished to share initiatives he believes in and was positively not suggesting anybody else can buy ADA:

Cardano founder and Ethereum co-founder, Charles Hoskinson, welcomed Simmons to the ADA group and invited him to achieve out by way of non-public message if he wanted any assist.

Simmons engaged with a few of his followers, offering recommendation on the place they’ll buy the token, and commending them for making Cardano’s worth “go up”:

After professing his assist for Bitcoin towards the height of its 2017 bull rally, Gene Simmons drifted off the crypto radar, however returned with a vengeance in the beginning of this month after claiming to have made investments in Dogecoin.

Over the previous week, he’s additionally revealed a spate of investments together with shopping for Bitcoin (BTC) seven months in the past, $300,000 value of Ether (ETH) when it was buying and selling for $300, and $300,000 value of Binance Coin (BNB).

Some within the crypto group seem skeptical of Simmons’ newfound ardour for Cardano given his excessive profile coin-shilling, with one Twitter-user replying: “What occurred to DOGE coin? wasn’t that your favourite coin some days in the past?”

Twitter person Ryno took exception to Simmons’ current characterization of ADA as extra inexpensive than Bitcoin for bizarre individuals, posting: “Say no to shitcoins Gene.“

“Gene is okay, he can gamble. Most of y’all are poor and needs to be in #Bitcoin, however see 50k as unaffordable,” the Twitter person added.