Kiss' Gene Simmons Buys $300,000 Worth of Cardano
The Kiss bassist and frontman says he believes in Cardano because of its affordability compared with other cryptocurrencies.
Feb 19, 2021 at 1:00 p.m. UTCUpdated Aug 19, 2021 at 7:21 a.m. UTC
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindeskuat/NFUEVN5NIVC7LAQSC3GQZUOIEA.jpg)
Rock star Gene Simmons has voiced his support for cardano (ADA) on Twitter after tweeting that he has purchased $300,000 of the cryptocurrency.
- The Kiss bassist and frontman has stated that he believes in cardano thanks to its affordability compared with other cryptocurrencies, and has bought $300,000 worth of it.
- Cardano's native token ADA is currently priced at $0.92 and is the sixth-largest cryptocurrency by market capitalization at almost $29 billion.
13:18
Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
05:10
Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
04:07
The first video of the year 2024
40:07
The last regression video of the year 3.67.0
- Cardano is a blockchain that aims to address the scaling problems of Bitcoin, while also creating a platform for smart contracts that is interoperable with the mainstream financial system. ADA has risen more than 400% year to date.
- Simmons later praised Cardano founder Charles Hoskinson's goal of helping develop emerging economies in Africa.
- The Kiss co-founder also stressed to his followers the importance of doing their own research before investing and pushed back at those who accused him of being compensated for his crypto endorsements.
:format(webp)/downloads.coindesk.com/arc/failsafe/user/1x1.png)