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Rock band Kiss member buys Cardano for $ 300,000

Kiss musician and bassist Gene Simmons talked about his $ 300,000 investment in Cardano (ADA).

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 such as 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.

Another reason for the investment Simmons cited was the prediction of Ethereum co-founder and Cardano creator Charles Hoskins. He called 2021 “the most productive year in digital asset history” with emerging economies such as Africa.

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 and has grown by 150% in the last month.

We will remind, in February, Gene Simmons bought bitcoins for a “seven-figure amount.” He previously invested in Dogecoin and XRP.

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Fidenge Pecold

My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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