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

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The enduring 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 mentioned 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 through personal message if he wanted any help.

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

After professing his help for Bitcoin towards the height of its 2017 bull rally, Gene Simmons drifted off the crypto radar, however returned with a vengeance initially 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 Ethereum (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-user “dgenmemewarrior” took exemption to Simmons’ current characterization of ADA as extra inexpensive than Bitcoin for unusual individuals, posting: “Say no to s**tcoins Gene.“

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