Omicron (OMIC) price skyrocketing after latest covid 19 variant was named after it

Omicron (OMIC) price skyrocketing after latest covid 19 variant was named after it

A comparatively obscure Omicron has skyrocketed to an all-time excessive immediately as a brand new fast-spreading COVID-19 variant was named by World Health Organization (WHO) after the token.

As a consequence, Stock markets and Black Friday noticed an enormous sell-off that worn out November positive factors for the S&P 500 Index and the Nasdaq Composite late final week

Mr. Whale, a crypto critic, commented on Twitter that the large price spike was an indication that issues are in a “large bubble.”

The new week has begun with the crypto market again in its bullish motion after falling on Saturday to its lowest degree since mid-(*19*).

At the time of writing, Omicron (OMIC) had taken a slight retracement to commerce at $375.84 after hiting a excessive of $641.75 within the final 24 hours.

What is Omicron?

Omicron (OMIC) is a decentralized reserve forex protocol that runs on the Ethereum layer two community Arbitrum.

OMIC token is supported by a number of different crypto belongings which embrace secure cash, USDC, and liquidity supplier tokens.

Omicron could be traded on decentralised exchnages like SushiSwap, which has gained $454,000 in quantity for the OMIC/USDC pair during the last 24hours.

There are at the moment no additional particulars on OMIC token provide or Market cap.



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