Jillian Michaels, a celebrity exercise trainer and TV host announced her cryptocurrency investment on Twitter today.
Michaels reported that she owns $10,000 in DOGE and has staked $500,000 in ADA on the Cardano blockchain.
She backed such cryptocurrencies in answer to Shark Tank host Mark Cuban, who recently challenged the merits of Cardano and indicated the coin has little commercial use at the moment. Mark Cuban recently wrote on Twitter that his concern regarding cryptocurrency is if anyone is personally capable of using ADA for anything.
Instead, Cuban has consistently voiced his love for Dogecoin and accepted it as payment at the Dallas Mavericks shop. Michaels has criticized his position, claiming that selecting DOGE over ADA is the same as choosing a pornstar over Sophia Lauren.
Nonetheless, Michaels has previously expressed reservations about Dogecoin. She listed a sizable Dogecoin purchase at the end of April, but she did not reveal the sum other than to say it had doubled in value.
Michaels is most known for her appearances on the reality TV show “The Biggest Loser” and other NBC and CBS shows.
Cardano among Top Five Coin
Cardano and Dogecoin have now skyrocketed in popularity. Cardano has increased by 3,000% year to date, placing it in the top five coins. Dogecoin has risen by 15,700% year to date, placing it at #7.
Celebrities such as KISS frontman Gene Simmons, Tesla CEO Elon Musk, and artist Snoop Dogg have endorsed Dogecoin. According to Cryptwerk, there are reportedly approximately 1,300 merchants that support the DOGE cryptocurrency.
Meanwhile, Cardano has seen relatively little support outside of the cryptocurrency industry. However, it is now accepted in less than 200 stores, and Cardano founder Charles Hoskinson has focused on lowering fees and maintaining protection until ADA is commonly used in payments.
If other celebrities, in addition to Jillian Michaels, support Cardano, it will be able to hold its spot before it gathers momentum.
Disclaimer: This author had less than $75 in Ethereum, Bitcoin, and altcoins at the time of publication.