One of the internet “celebrities”, Gene Simmons, bought $300,000 of ADA (Cardano’s coin/token) which is the 12th largest cryptocurrency. The reason he bought it is because he is a huge supporter of the coin. He was the last person to do a AMA with the coin’s founder Charles Hoskinson.
Gene Simmons, iconic bassist of KISS, bought $300K worth of Cardano (ADA)
Today, Gene Simmons purchased a significant amount of Cardano (ADA). The metal token’s price soared in value after its creator, Charles Hoskinson, announced a partnership with the rock star. According to CoinMarketCap , Gene purchased approximately 900,000 ADA tokens. The move caused Cardano’s price to surge from $0.08 to $0.12. In the past, the dual-threat entertainer purchased similar amounts of bitcoin and Ethereum.
Posted 6 months ago | 2 minutes to read
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|-Cardano was purchased for $300,000 by Gene Simmons. He’s also disclosed a lot of investments in the past week. – Simmons’ new depiction of ADA as more cheap than BTC drew criticism from Twitter user Ryno.|
Cardano has received a $300,000 investment from Gene Simmons (ADA).
Simmons made a $300,000 investment in Cardano (ADA)
Simmons, the bassist for the legendary band Kiss, announced on Twitter that he had purchased $300,000 in ADA. He does, however, emphasize that he is not a financial expert. Simmon went on to say that he wants to discuss initiatives that he believes in.
I just purchased $300,000 worth of CARDANO (ADA). I’m not a financial analyst, and I’m not going to advise you whether you should purchase or not. Simply letting you know what I’m up to and what I stand for. Why? Because I think it will rise…and it is always up to you to do your study and make your decision. pic.twitter.com/UiIqowJ4pY
February 19, 2021 — Gene Simmons (@genesimmons)
Simmons was warmly welcomed into the ADA community by Charles Hoskinson, a Cardano and Ethereum co-founder. Hoskinson encouraged Simmons to reach out to him through private messaging if he needed any assistance. Simmon also assists his followers in purchasing the token they need.
At the time of writing, the ADA price was $0.93, according to CoinGecko.
1-Month ADA/USDT Price Chart (Source: TradingView)
He’s also disclosed a lot of investments in the past week. Including $300,000 worth of Bitcoin (BTC), $300,000 worth of Ether (ETH) when it’s at $300,000, and $300,000 worth of Binance Coin when it’s at $300. (BNB).
Given Simmons’ high-profile coin-shilling, some in the crypto world are dubious of his sudden enthusiasm for Cardano, with one Twitter user questioning, “What happened to DOGE coin?” That was your favorite coin a few days ago, wasn’t it? ”
“Say no to shitcoins Gene,” said Twitter user Ryno, in response to Simmons’ new depiction of ADA as more cheap than Bitcoin for regular people.
Added a Twitter user,
“Gene is great; he knows how to gamble. Most of you are impoverished and should be investing in Bitcoin, but 50k is out of reach.”
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In a bizarre move, Gene Simmons, the bassist for KISS, has purchased a small amount of Cardano (ADA) from a Texas-based exchange. The purchase was made on May 9th, making it the first ever transaction of ADA from a cryptocurrency exchange to a live public figure.. Read more about gene simmons cardano twitter and let us know what you think.
Frequently Asked Questions
What price did Cardano start?
Cardano started at $0.06 on the 29th of September, 2017.
Who owns most Cardano?
The Cardano Foundation owns most of the Cardano.
What will Cardano be worth 2025?
Cardano will be worth $1,000 by 2025.
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