Kiss musician and bassist Gene Simmons talked about his investment in cryptocurrencies amid rising prices for Dogecoin (DOGE) and XRP.
Not recommending any of these to anyone. But yes, I also bought Dogecoin, XRP and others. Make of it what you will.
— Gene Simmons (@genesimmons) February 1, 2021
“I don’t recommend any of this to anyone. But yes, I bought Dogecoin, XRP and others”- wrote Simmons.
The community was divided. Some supported the Kiss member, others urged him to choose the cryptocurrency “wisely”.
Choose wisely. No of these pump and dump coins are in the top 10 at the end of they year.https://t.co/FoRkZDdUil
— Matt • ₿itcoin 🌐 (@Matt__Bitcoin) February 1, 2021
The rock musician announced his investment on February 1, when the token from Ripple grew by 47% and returned to the third place in terms of market capitalization. After reaching the $ 0.75 mark, the XRP rate fell below $ 0.45.
At the time of writing, the token is trading at $ 0.37. It is in fourth place in the capitalization rating with an indicator of $ 17 billion.
On January 29, the market value of DOGE increased by 470% per day and set a new all-time high at $ 0.078. The current price for DOGE is $ 0.034.
The r / SatoshiStreetBets community on Reddit called for the coin pump. It calls itself a cryptocurrency analogue of the r / WallStreetBets subreddit, whose members provoked a rapid rally in the shares of GameStop.
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