Kiss musician and bassist Gene Simmons talked about his $ 300,000 investment in Cardano (ADA).
I just bought $300,000 of CARDANO (ADA). I’m not a Financial Analyst and I’m not telling U to buy or not to buy. Simply letting U know what I am doing and what I believe in. Why? Because I believe it’s going up..and it’s always up to you to research & decide. pic.twitter.com/UiIqowJ4pY
— Gene Simmons (@genesimmons) February 19, 2021
Simmons chose altcoin because it is much cheaper than the first cryptocurrency and is available to everyone.
“These are pennies compared to my other assets like bitcoin, which is worth over $ 50,000 per coin. I believe that everyone should be able to afford cryptocurrency. And this is one of those that I believe in, ”the musician wrote.
Why did I buy Cardano (ADA)? Well, for one thing, it’s affordable to almost everyone. It’s pennies compared to my other holdings like Bitcoin, which is over $50,000 a single coin. I believe everyone should be able to afford cryptocurrency. And here is one I believe in. pic.twitter.com/fyLvNzKm5Q
— Gene Simmons (@genesimmons) February 19, 2021
Another reason for the investment Simmons named was the prediction of Ethereum co-founder and creator of Cardano Charles Hoskins. He called 2021 “the most productive year in digital asset history” with emerging economies such as Africa.
One of the reasons I invested in Cardano (ADA). @Cardano pic.twitter.com/yt27H0DEe4
— Gene Simmons (@genesimmons) February 19, 2021
According to CoinGecko, at the time of writing, Cardano is ranked sixth in cryptocurrencies by market capitalization with an indicator of $ 29.7 billion. The ADA token is trading at $ 0.93, having grown by 150% in the last month.
In February, Gene Simmons bought seven-figure bitcoins. He previously invested in Dogecoin and XRP.
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