July 25, 2024
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Kiss frontman Gene Simmons on shilling Cardano and other cryptocurrencies

Kiss frontman Gene Simmons on shilling Cardano and other cryptocurrencies

Kiss frontman Gene Simmons recently directed criticism encompassing his regular cryptocurrency tweets, promising his followers that he’s not compensated for supporting numerous altcoins. He then mentioned Bitcoin and various altcoins that are performing amazingly well. This week, he tweeted regarding adding $300,000 worth of Cardano (ADA) to his portfolio. This inspired many of his followers to shill their coins.

Gene Simmons currently brought $300,000 worth of ADA. Nevertheless, the decision faced criticism from some of his followers, alleging Simmons received capital from sponsoring ADA in his tweets. The thought could be due to a popular Youtuber’s recent charges upon Justin Sun’s Tron Network for reaching out to him and other celebrities to promote TRX. 

Simmons remained optimistic regarding Cardano and its co-founder Charles Hoskinson for possessing the most fruitful year in Cardano’s history to date.

Gene Simmons invests in Litecoin

Moreover, Gene Simmons also recently invested in Litecoin. In addition to Bitcoin, Ethereum, Binance Coin (BNB), Cardano (ADA), Simmons has disclosed that he acquired Litecoin and Chainlink. However, Simmons did not explain how much LTC he has bought. Simmons shared an introductory video of the cryptocurrency when he purchased Chainlink. Through his Twitter handle, Simmons has greeted questions and comments regarding his investments in cryptocurrencies. 

The Kiss singer explained why cryptocurrencies are an excellent investment choice and asked them to do their research. He further clarifies that he is not a financial advisor. Besides the Bitcoin rally, numerous other altcoins receive their share of the advertisement from famous personalities recently. Tokens ranking from meme coin Doge, in particular, gained mainstream support from Elon Musk, Mia Khalifa and Lindsay Lohan. Even Gene Simmons said that he bought Dogecoin and Ripple’s XRP. 

However, last week, YouTuber Marques Keith Brownlee shared an e-mail that provided him with a paid Tron promotion. This occurred after celebrities involving Lindsay Lohan and Ne-Yo raised many questions with their questionable tweets that promote the cryptocurrency project. Nevertheless, it is irrelevant for Simmons to participate in the paid promotion since his net worth is worth around $400 million. 

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