The number of famous people who are getting involved with cryptocurrencies grows every day
The news is straightforward: Gene Simmons bought Cardano. The leader of the legendary band Kiss invested an incredible $ 300,000 in the ADA.
He himself announced via Twitter:
I just bought $ 300,000 of CARDANO (ADA). I’m not a Financial Analyst and I’m not telling U to buy or not to buy. 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. pic.twitter.com/UiIqowJ4pY
– Gene Simmons (@genesimmons) February 19, 2021
“I just bought $ 300,000 of CARDANO (ADA). I am not a financial analyst and I am not telling you to buy or not to buy. Simply letting you know what I’m doing and what I believe in. Because? Because I believe it’s going up … and it’s always up to you to research and decide.
In the post, Gene Simmons has the humility to say that he does not consider himself a financial analyst, so his tweet should not be considered investment advice.
Gene Simmons and the other celebrities who chose Cardano
A few days ago, Gene Simmons told his 900,000 followers about his cryptocurrency purchases. He admitted to owning BItcoin, Ethereum, Binance Coin and Litecoin. Cardano was added to this basket.
But he is not the only celebrity who chose Cardano: BitBoy Crypto too announced on his YouTube channel, which has an impressive 500,000 subscribers, who will sell Bitcoin to buy Cardano. In fact, he has already done so: he sold 10 BTCs, currently worth $ 500,000, to buy ADA.
In fact, Bitcoin’s performance since the beginning of 2021 has been excellent, rising from $ 30,000 to $ 51,000, an 80% gain. But other cryptocurrencies, including Cardano, are doing even better. At the beginning of the year, Cardano was worth 18 cents on the dollar: in a month and a half, it shot up to the current 90 cents, multiplying its price by 4.5 times.
Price is not the only thing that makes Cardano attractive.
In March there will be Mary hardfork, which will add an update to allow the creation of native tokens at Cardano, the first step towards the Goguen phase.
Also on March 31, the blockchain’s parameter D will go to zero, meaning that all blocks will be produced by staking pool operators and no longer by IOHK, a process that will make the blockchain fully decentralized.
Finally, a rumor is circulating again: Cardano may soon be listed on Coinbase. As is well known, when a token is listed on Coinbase, its price tends to increase. But we will probably have to wait for the next few months. In fact, this rumor spread in July 2020, leaving fans with the hope that the listing could happen by the end of the year.
Cardano is also reportedly working on a major expansion project in Africa. Although there is no official confirmation from IOHK or CEO Charles Hoskinson, what emerges from John O’Connor, IOHK’s director of operations in Africa, is that Cardano is working to millions of users in Africa.
This strong expansion, accompanied by many other novelties, explains the enthusiasm that surrounds Cardano.