- SlumDOGE Millionaire bought $10,000 worth of ADA after Cardano wins the poll.
- The Dogecoin influencer admitted he was expecting his followers to choose DOGE.
- ADA may be underperforming partly due to the SEC tagging it as a security.
SlumDOGE Millionaire, the sensational Dogecoin (DOGE) influencer who became wealthy for buying DOGE early, has purchased $10,000 worth of Cardano (ADA). His buy was made after he made a poll on Twitter, in which at least 40% of the pollers voted ADA.
The almost $10,000 worth of purchase led to the Dogecoin influencer’s ADA portfolio of around 38,000 coins. This was bought at the current market price of $0.2568.
It was not clear whether SlumDOGE Millionaire was happy with his purchase, although he admitted that he had a different expectation of the outcome. Specifically, in a follow-up tweet, he said that he was expecting his followers to vote for DOGE instead of any other blue chip altcoin.
Other options in the poll aside from ADA and DOGE were Polygon (MATIC) and Solana (SOL).
The poll outcome may hint at the size of the Cardano community despite the altcoin performing poorly in this current bear market. Partly, lackluster price performance may be due to the US Securities and Exchange Commission (SEC) tagging ADA as a security for reasons uncertain.
Cardano godfather Charles Hoskinson was quick to refute the SEC’s allegations, providing a number of reasons why the pioneer ADA sale does not satisfy the Howey test.
Jeremy Hogan, a popular crypto lawyer who favors XRP, urged Hoskinson to assist Coinbase in its legal fight against the SEC by testifying in court. However, Hoskinson has yet to reply to Hogan’s suggestion.
Read Also :
disclaimer read moreCrypto News Land, also abbreviated as "CNL", is an independent media entity - we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
