Rock veteran Gene Simmons of Kiss has ended the week with (what else?) a flurry of crypto-related tweets. But after his previous bitcoin (BTC) endorsement and claims of dogecoin (DOGE) deity status, he has now turned his love gun to another, less-feted token – cardano (ADA).
As well as tweeting the rocket emoji with text simply reading “ADA,” the long-tongued rocker, also known as Demon, gave a rationale behind his decision.
As well as claiming he had bought a tidy USD 300,000 worth of the token, he wrote,
“Why did I buy cardano? Well, for one thing, it’s affordable to almost everyone. It’s pennies compared to my other holdings like bitcoin, which is over USD 50,000 [for] a single coin. I believe everyone should be able to afford cryptocurrency. And here is one I believe in.”
He also stated that the token’s focus on developing countries in Africa and elsewhere was another attractive feature of ADA, as was the fact that it was based in Switzerland, and was run by an Ethereum (ETH) co-founder Charles Hoskinson.
A number of skeptics immediately indicated they sure know something looked amiss – particularly as the matter of pop celebrities “shilling” tokens in exchange for financial rewards has been such a hot potato of late.
Lindsay Lohan and Ne-Yo have reportedly taken payment from parties affiliated to the Tron Foundation and tweeted their own “cringe”-worthy support for tron (TRX).
But Simmons hit back at his social media detractors, urging them to “get a little less cynical” about his motives, do their “own research” and “make” their “own decisions.”
And he told one unimpressed individual he was “sorry” that they “have a boring life and haven’t achieved much,” quipping acerbically, “Why take it out on the rest of us?”
He repeatedly noted that he was “not here to give” his Twitter followers “investment advice,” calling on readers to “do your own research.”
But it appears the Rock School star can’t get enough of ADA.
After a seven-hour pause in activity (presumably to sleep), he returned to his topic du jour, writing,
“So, for about USD 0.90, people can own an ADA coin. I do. Cryptocurrencies like bitcoin (..almost $53,000 per coin) is beyond the reach of most people. I own that, too. I like ADA because anyone can invest. Of course, it’s always up to you to do research. Google it.”
However, for an unknown reason, he didn't say that an investor can buy even a fraction of BTC, spending even less than buying one ADA.
At the time of writing (16:58 UTC), ADA, ranked 6th by market capitalization, trades at USD 0.926 and is up by 1% in a day. It is unchanged in a week and rallied by 151% in a month. _ Learn more: - MicroStrategy Raises "Free" USD 1B to Buy More Bitcoin As It Hits USD 1T Market Cap - Cardano's Hoskinson Keeps Bashing Ethereum As ADA Outperforms ETH - Analysts Deconstruct Bitcoin vs. Ethereum Debate As Alts Outperform - Crazy Bitcoin and Ethereum Fees Dampen Rally, Help Competitors - Cardano and Binance Founders Take Aim At Ethereum as ADA & BNB Rally - Cardano Upgrades On Its Way To Offer Better Tokenization Than Ethereum