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- Following the World Health Organization’s (WHO) designation of Omicron as the name of a recent fast-spreading coronavirus strain, the relatively unknown cryptocurrency of the same name soared to an all-time high on November 29
- On November 23, a novel Covid-19 variant was found in South Africa. The fast-spreading B.1.1.529 strain was named after the fifteenth letter of the Greek alphabet by the WHO
- Meanwhile, it may be exchanged on SushiSwap, a decentralized platform that has had $454,000 in trading for the OMIC/USDC pair in the last day, according to CoinGecko
Following the World Health Organization’s (WHO) designation of Omicron as the name of a recent fast-spreading coronavirus strain, the relatively unknown cryptocurrency of the same name soared to an all-time high on November 29. During the Asian trading session on Monday, Omicron’s OMIC token reached an all-time high of $689. The increase has given the token another 200 percent gain on the day, bringing its total gain to 945 percent since November 27, when it was trading at $65.
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On November 23, a novel Covid-19 variant was found in South Africa. The fast-spreading B.1.1.529 strain was named after the fifteenth letter of the Greek alphabet by the WHO. Furthermore, crypto critic Mr. Whale stated on Twitter that the enormous surge is an indication that things are in a giant bubble. Omicron is decentralized reserve money based on Ethereum’s Arbitrum layer two networks. The USDC stablecoin and liquidity provider tokens are among the crypto assets that support the native token OMIC.
Meanwhile, it may be exchanged on SushiSwap, a decentralized platform that has had $454,000 in trading for the OMIC/USDC pair in the last day, according to CoinGecko. The financial markets have fallen in the recent week as a result of the new coronavirus type, and Black Friday saw a big sell-off, wiping out November gains for the S& P 500 Index and the Nasdaq Composite. However, the crypto markets are trading in the green as the week begins, after plunging to its lowest level since mid-October on Saturday. The whole market capitalization has climbed by 5.6 percent in the previous 24 hours, according to CoinGecko, and is now valued at $2.71 trillion.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
