The mysterious digital currency, Omicron, which has the symbol (OMIC), witnessed a big jump during the morning trading of Monday's session, after the World Health Organization named the latest variant of the strain (OMIC). COVID-19).
Despite fear and panic dominating the hearts of dealers in the cryptocurrency market, just like traders in the stock market and financial markets, cryptocurrency speculators did not hesitate to seize the investment opportunity. Regarding the currency OMICRON.
Omicron's digital operation has surged today to an all-time high as the rapidly spreading novel coronavirus has been given the same name as the currency, according to Coin Telegraph.
Omicron's OMIC token reached an all-time high of $689 two hours ago during the Asian trading session on Monday morning.
The move added another massive 200% per day gain for the token and a whopping 945% since last Saturday when it traded around $65.
The token shares its name with a new variant of COVID-19 that was first discovered in South Africa on November 23.
Cryptocurrency critic Mr. Wall commented that the massive price hike was a sign that things were in a giant bubble.
Omicron is a decentralized reserve currency protocol that runs on the Ethereum Layer 2 Arbitrum network. Its native OMIC token is backed by several other crypto assets including USDC stablecoins and liquidity provider tokens.
It can only be traded on the decentralized Sushi Swap that has seen a trading volume of $454,000 for OMIC versus Tether in the past 24 hours, according to CoinGeku. .
