Omicron Crypto-Currency Spikes Over 900%: What You Should Know About the New Token
The global crypto market faced turbulence last week following news of the Omicron COVID-19 variant. However, defying the trend, one cryptocurrency sharing its name – Omicron (OMIC) – experienced a dramatic surge. An obscure cryptocurrency called Omicron (OMIC), coincidently sharing its name with the new Covid-19 variant, has spiked more than 900%.
Why the Sudden Spike?
Since the World Health Organization (WHO) named the new COVID-19 variant 'Omicron', the value of ‘Omicron,’ a relatively lesser-known cryptocurrency, shot up by over 900 percent. On Monday, the token OMIC surged by 945 per cent since Saturday to reach an all-time high. The latest development caused a little-known coin OMIC, the native coin of the decentralized reserve currency protocol Omicron, to surge by over 900%.
A crypto token named after the new COVID-19 variant ‘Omicron’ is up over 650% within the 3 days and, at one point, was worth over $400 million in market capitalization. Omicron Crypto-Currency Spikes Over 900%! Check out this article to know more on this new token and what you should expect.
What is Omicron (OMIC)?
Omicron (OMIC) is the native coin of the decentralized reserve currency protocol Omicron. While details remain scarce, its surge highlights the volatile nature of the crypto market and the impact of current events on digital assets. But one relatively new crypto named Omicron has seen a massive spike. As the global crypto market fell last week after the news broke about a new Covid variant, one crypto called the Omicron, with the same name as the new variant rose to...
Should You Invest?
The Omicron token's sudden rise, likely fueled by its shared name with the variant, serves as a reminder to exercise caution and conduct thorough research before investing in any cryptocurrency. This isn’t a sign we’re in a giant bubble? Obscure Omicron token spikes 900% after new variant emerges. A relatively unknown cryptocurrency called Omicron (OMIC), which coincidently shares its name with the new Covid-19 variant, has spiked more than 900%.
Disclaimer: This is not financial advice. Always conduct your own research before investing in cryptocurrency.