Gene Simmons, iconic bass player of the rock band Kiss, recently made an announcement that he has made an investment of $300k into ADA. Simmons is also the latest recruit in Elon Musk’s army of Dogecoin and was actively investing in other crypto-assets recently. Cardano’s price has topped XRP and Polkadot, recently.
Gene Simmons Invests $300K in Cardano (ADA)
In a recent revelation on February 19, the bass player shared a tweet informing his followers that he had recently purchased ADA worth $300,000.
However, he gave a disclaimer for everyone, that he is definitely not a financial analyst, and also, that he publicly shared his investment project just because he believes in them. In addition to this, he clearly mentioned that he is not suggesting anyone buy ADA.
Charles Hoskinson, the founder of Cardano and the co-founder of Ethereum, heartily greeted Gene Simmons to the ADA community and also gave Simmons an invitation to reach out to him via direct message in case he needs any support.
In another tweet shared by the rock star, he was found appreciating his followers for making Cardano’s price go up along with providing them with advice on where they can purchase ADA.
Wow!..You guys are already making Cardano (ADA) go up. Impressive.
— Gene Simmons (@genesimmons) February 19, 2021
Simmons’ Drift From Crypto
In the 2017 bull rally of Bitcoin, Gene promised his support for the digital asset and then drifted himself apart from the crypto radar. However, at the beginning of this month, he claimed that he has invested in Dogecoin.
After revealing his series of investments in cryptocurrency assets like BTC, ETH, and BNB, he amused his followers again by investing in Cardano.
Some of his followers were doubtful about Gene investing in Cardano. In response to Gene’s tweet, Twitter user Ryno shared:
“Say no to shitcoins Gene.“ “Gene is fine, he can gamble. Most of y’all are poor and should be in #Bitcoin, but see 50k as unaffordable.”
— Ryno (@dgenmemewarrior) February 19, 2021