Skip to main content

Legendary Rock Star Gene Simmons Buys Cardano (ADA) Worth $300,000



Famous rock star Gene Simmons continues his cryptocurrency adventure, this time investing $300,000 in Cardano (ADA).


Gene Simmons, the legendary KISS bassist, has made another dip into cryptocurrencies. The famous musician has expressed his belief in Cardano, presuming 2021 would be “the most productive year” for the altcoin.


Believing in the Future of Cardano

Rock star Gene Klein, aka Gene Simmons, has appeared in online social media with yet another pro-cryptocurrency commentary. This time KISS’s legendary bass guitarist has expressed his opinion on Cardano and its native digital coin ADA.

In his recent publication on Twitter, Simmons explained one of his fundamental personal reasons for investing and holding the altcoin. The musician pointed out that he believes in Cardano because of Hoskinson (Charles) – Cardano’s creator and co-founder of Ethereum.

In his tweet, the musician expressed his trust in the altcoin hopping on Hoskinson’s envision that 2021 would be the most productive year in Cardano’s history yet

He addressed his followers in another announcement, stating he has bought $300,000 of CARDANO (ADA). Simmons also ensured that the public should not take him as a financial analyst, but still, he explained that he believes in his investment and its further price increase.

“(I am) simply letting U know what I am doing and what I believe in. Why? Because I believe it’s going up..and it’s always up to you to research & decide”, reads the tweet.


Later on, his publication is followed by a whirlpool of comments, including support, advice, offers for partnership, and a few negative opinions, as well.

As per the time of writing, Cardano has been at 6th place among the top ten crypto assets right now, marking a worth of $0.925.


Celebrities and Their Romance with Cryptocurrencies

Just a couple of days ago, Gene Simmons announced another purchase of top cryptocurrencies, among which Ethereum and Bitcoin as well, apparently building up his crypto portfolio.

Meanwhile, celebrities being ambassadors of crypto assets is a particular case nowadays, as the primary digital asset Bitcoin follows a significant soaring in its price. There are several other instances where singers, actors, and sports stars have dived into the crypto pool, promoting their investment choice. 

A couple of days ago, actress and singer Lindsay Lohan tweeted about TRON, saying she has been exploring the world of DeFi and NFTs. Recently, she announced the sale of her NFT, Bitcoin “Lightning”.

Another recent Bitcoin collaboration was the one between hip-hip star Jay and Twitter CEO Jack Dorsey. They have teamed up to donate BTC for developers in Africa.



 

 

Comments

Popular posts from this blog

Bitcoin Hash Rate Hits All-Time High: Here’s How It Works And How It Affects The Price

Bitcoin intelligence, data, and analytics firm Glassnode found the Bitcoin hash rate hit a new all-time high over the weekend, ten days before the Bitcoin halving event. In other words, miners are putting more computational power into maintaining the Bitcoin network. Because miners must venture electricity and capital intensive computer processors to mine Bitcoin, the increase in hash rate is a bullish sign. It means miners are after the Bitcoin rewards they get from maintaining the network. And they’re venturing the resources to go after those rewards. Is The Bitcoin Hash Rate Correlated With The Price? In general, the Bitcoin price and the hash rate are not correlated. The price is what buyers and sellers agree to pay for one Bitcoin, and there are many factors – external and internal – affecting the price. However, there is a relation between the two. While the price goes up, it’s more profitable to mine, which likely to cause more miners to turn on their mining equ...

IN THE NEW DECADE, CRYPTO WILL BECOME ESSENTIAL LIKE EMAIL: SAYS TYLER WINKLEVOSS

It’s the start of a new decade, and industry famous twin Tyler Winklevoss, the co-founder, and CEO of cryptocurrency exchange and custodian company Gemini Trust, has shared his views on what the next ten years hold for crypto. According to Winklevoss, crypto is already becoming more than a niche technology and a form of money, and it will play an essential role in our daily life in the foreseeable future. “Today, crypto is still a niche technology and a form of money. It is not crucial to your everyday life the way email and other web applications are, but our thesis is that this will change — it’s already changing if you look close enough,” Winklevoss wrote. Winklevoss added that the decentralized nature of cryptocurrencies, which empowers individuals, will be the driving force within the new decade. Crypto will not only redesign the internet but will also redesign the financial and monetary systems to protect the rights and dignity of users, he said. The Winklevos...

Qatar Blocks Cryptocurrency Services Throughout The Gulf

As the new year begins, Qatar’s Financial Center, the nation’s regulatory authority, has issued a blanket ban on cryptocurrency-related services in the Gulf nation. The prohibition covers not only cryptocurrencies but “anything of value” that could substitute fiat currencies. Qatar Bans Cryptocurrencies The Qatari Financial Center, which is also the nation’s regulatory authority, has issued a statewide ban on cryptocurrencies and other digital assets that might substitute traditional fiat. Per the report , the authority stated that: “Virtual Asset Services may not be conducted in or from the QFC at this time.” It also reads that this goes for “Anything of value that acts as a substitute for currency, that can be digitally traded or transferred and can be used for payment or investment purposes.” However, it’s also worth noting that the ban doesn’t cover digital forms of securities or other financial instruments that are thoroughly regulated by the Regulatory Authority, ...