The cryptocurrency industry is growing stronger and bigger each day. While Bitcoin is gaining massive mainstream attention, other crypto tokens like Ethereum etc., are also racing towards success. Cardano token is amongst the fastest growing cryptocurrency.
Recently Rockstar Gene Simmons came forward in support of ADA(Cardano Token)
Gene Simmons Bought $300000 Worth Cardano Token ADA.
Gene Simmons is a renowned rock musician who is part of the Kiss hard rock band. The New York-based musician is a well-known bassist and frontman of the rock band. The lead bassist of the Kiss hard rock band has revealed that he has invested massively in Cardano. He took on to his Twitter account to announce that he has bought ADA tokens worth $300,000. On Friday 19th February, Simmons said that he [bought Cardano, adding that he believes that the crypto token value will go up. However, he said that he is not a financial expert, thus is not advising others to invest in ADA. He further exclaimed that the users should always research and make decisions as per their preference.
Kiss bassist said that Cardano founder Charles Hoskinson is doing a good job by contributing to the growth of developing economies in Africa. Cardano Blockchain is currently growing at a fast pace, and the native cryptocurrency of Cardano ADA is the sixth-largest in the world, with a market cap of $29 Billion. Gene Simmons prefers Cardano due to the affordability and potential growth of ADA tokens.
The Cardano blockchain is growing at a fast pace as it provides a solution to the scaling issues in Bitcoin and offers an interoperable platform for smart contracts to interact with the mainstream financial systems. Simmons has been called out for doing indirectly paid promotions for his crypto endorsements. Defending himself, he asked his followers to use their own discretion in selecting crypto investment and so their own research. Simmons has holdings in Ethereum, Bitcoin, Litecoin and is an avid supporter of Dogecoin.
The founder of Cardano and Co-founder of Ethereum, Charles Hoskinson, invited Gene Simmons to reach him through a private message in case he needs any support. He welcomed the bassist Simmons to the ADA community.
The information discussed by The Coin Magazine is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Do your due diligence and rating before making any investments and consult your financial advisor. The researched information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright The Coin Magazine All rights reserved.