Confirmation from legendary Rock star to Cardano (ADA)!

Gene Simmons made an ADA purchase.

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Famous rock music star Gene Simmons comes to the fore with his recent statements about the cryptocurrency sector. Gene Simmons explained that he first bought Bitcoin, then Dogecoin, and now Cardano (ADA).

Gene Simmons,ADA investor

The bass guitarist of the band KISS also confirmed the announcement that 2021 will be the Year of Ada. Gene Simmons shared a tweet explaining his reason for investing in the island. The post includes a statement by Ethereum co-founder Charles Hoskinson.

Hoskinson, who left the Ethereum team in 2014, later launched Cardano and the ADA cryptocurrency in 2017. Gene Simmons, on the other hand, shared his statement that he believes that 2021 will be the most productive year in Cardano's history, based on the description of the famous name. Hoskinson revealed the reason for this was due to Cardano's target audience.

Why is the island price rising?

Cardano is developing a payment-oriented technology and has recently come to the fore with its developments in the DeFi sector. Despite this, it is known that the main goal of Hoskinson and the team is to offer this opportunity differently to people who do not have access to banking services. For this reason, Africa is of great importance to the team.

Gene Simmons also explained the amount of ADA he received in the continuation of this post, noting that he invested a total of $ 300,000. The famous name did not disclose the price of the island it was buying. Despite this, Simmons testified that this is not investment advice, and he is not a financial analyst himself. Simmons stressed that he believes in this investment, and stressed that he is confident that the price will rise more in the coming days.

Celebrities Are Getting Used To The Cryptocurrency Sector

At a time like this, when the price of Bitcoin goes up to $ 53,000 and targets $ 60,000, it's also quite normal for celebrities to show interest in the industry. Before Simmons, Lindsay Lohan also made various statements about Tron and produced her own NFT. But the most famous among them is certainly known to be Elon Musk. Tesla and SpaceX CEO Elon Musk has given his son a DOGE, prompting an unprecedented rise in the price.

Although Elon Musk's favourite DOGE has suffered serious losses in recent days, the influx of celebrities into the sector is still continuing. New ones could soon be added to the likes of Lindsay Lohan, Gene Simmons, Jay-Z, Jack Dorsey and Elon Musk.

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