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Gene Simmons says he’s added $300Okay of Cardano to his baggage

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Gene Simmons, legendary bassist for the rock band Kiss and recently recruited to Elon Musk’s “Dogecoin Army”, has announced a six-figure investment in Cardano (ADA).

On February 19, Simmons announced on Twitter that he had purchased $ 300,000 worth of ADA. While stressing that he’s not a financial analyst – a helpful disclaimer – the rock star said he wanted to share projects he believed in and definitely didn’t suggest that anyone else should buy ADA:

I just bought $ 300,000 in CARDANO (ADA). I am not a financial analyst and I am not asking U to buy or not to buy. Just let you know what I do and what I believe in. Why? Because I believe it will rise … and it’s always up to you to research and decide. pic.twitter.com/UiIqowJ4pY

– Gene Simmons (@genesimmons) February 19, 2021

Cardano founder and co-founder of Ethereum Charles Hoskinson welcomed Simmons to the ADA community and invited him to contact him via private message if he needed assistance.

Simmons got involved with some of his followers, offering advice on where to buy the token, and praising them for “increasing” Cardano’s price:

Wow! You are already making Cardano (ADA) an advancement. Impressive.

– Gene Simmons (@genesimmons) February 19, 2021

After Gene Simmons expressed his support for Bitcoin at the height of his 2017 bull rally, he moved away from crypto radar but made a vigorous return earlier this month after claiming he invested in Dogecoin.

In the past week, he also announced a number of investments, including buying Bitcoin (BTC) seven months ago, Ethereum (ETH) worth $ 300,000 when it was trading for $ 300, and Binance Coin (BNB) valued at $ 300,000.

Some members of the crypto community are skeptical of Simmon’s newfound passion for Cardano given his high profile coin shilling. A Twitter user replies: “What happened to DOGE coins? Wasn’t that your favorite coin a few days ago? “

Twitter user “dgenmemewarrior” took an exception to Simmons’ recent characterization of ADA as more affordable than Bitcoin for ordinary people and wrote, “Say no to s ** tcoins genes.”

“Gene is fine, he can play. Most of you are poor and should be in #Bitcoin, but consider 50,000 unaffordable, “added the Twitter user.

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