The iconic bass player of rock band Kiss and recent recruit to Elon Musk\u2019s \u201cDogecoin army,\u201d Gene Simmons, has announced a six-figure investment into Cardano (ADA).<\/p>\n
On Feb. 19, Simmons revealed on Twitter that he\u2019d bought $300,000 worth of ADA. While emphasizing that he is not a financial analyst \u2014 a helpful disclaimer \u2014 the rock star said he wanted to share projects he believes in and was definitely not suggesting anyone else should buy ADA:<\/p>\n
Cardano founder and Ethereum co-founder, Charles Hoskinson, welcomed Simmons to the ADA community and invited him to reach out via private message if he needed any support.<\/p>\n
Simmons engaged with some of his followers, providing advice on where they can purchase the token, and commending them for making Cardano\u2019s price \u201cgo up:\u201d<\/p>\n
After professing his support for Bitcoin toward the peak of its 2017 bull rally, Gene Simmons drifted off the crypto radar, but returned with a vengeance at the start of this month after claiming to have made investments in Dogecoin.<\/p>\n
Over the past week, he\u2019s also revealed a spate of investments including buying Bitcoin (BTC) seven months ago, $300,000 worth of Ethereum (ETH) when it was trading for $300, and $300,000 worth of Binance Coin (BNB).<\/p>\n
Some in the crypto community appear skeptical of Simmons\u2019 newfound passion for Cardano given his high profile coin-shilling, with one Twitter-user replying: \u201cWhat happened to DOGE coin? wasn’t that your favorite coin some days ago?\u201d<\/p>\n
Twitter-user \u201cdgenmemewarrior\u201d took exemption to Simmons\u2019 recent characterization of ADA as more affordable than Bitcoin for ordinary people, posting: \u201cSay no to s**tcoins Gene.\u201c<\/p>\n
\u201cGene is fine, he can gamble. Most of y’all are poor and should be in #Bitcoin, but see 50k as unaffordable,\u201d the Twitter user added.<\/p>\n