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Gene Simmons Bought $300K Worth of Cardano (ADA)

-Gene Simmons bought $300K worth of Cardano.
-Over the last week, he also revealed plenty of investments. 
-Twitter user Ryno protested Simmons’ new portrayal of ADA as more affordable than BTC.

Gene Simmons has announced about $300,000 investment into Cardano (ADA).

Simmons’ $300K Worth Investment into Cardano (ADA) 

Simmons is a bass player of the rock band Kiss, who revealed on Twitter that he had bought $300,000 worth of ADA. However, highlighting that he is not a financial analyst. More so, Simmon added that he wants to share projects he trusts in.

Charles Hoskinson, a Cardano founder and Ethereum co-founder, well-received Simmons to the ADA community and invited him to reach out through private messages if he needs any support. Even more, Simmon helps his followers regarding the token they need to purchase.

According to CoinGecko, the ADA price is at $0.93, at the time of writing.

ADA/USDT Price Chart 1-Month (Source: TradingView)

Over the last week, he also revealed plenty of investments. Including buying Bitcoin (BTC), $300,000 worth of Ether (ETH) when its price is at $300, and $300,000 worth of Binance Coin (BNB).

Some in the crypto space appear skeptical of Simmons’s newfound passion for Cardano given his high profile coin-shilling, with one Twitter-user asking: “What happened to DOGE coin? wasn’t that your favorite coin some days ago?”

Twitter user Ryno protested Simmons’ new portrayal of ADA as more affordable than Bitcoin for ordinary people,stating: “Say no to shitcoins Gene.“

Twitter user added,

“Gene is fine, he can gamble. Most of y’all are poor and should be in Bitcoin, but see 50k as unaffordable.”

The News Crypto Staff

The News Crypto is a group of crypto journalists writing about the latest happenings in the crypto and blockchain industry.

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