After South Africa announced the new COVID-19 variant “Omicron” yesterday, the Omicron protocol decentralized cryptocurrency (OMIC) recorded a jump of up to 900%!
This morning around 9 a.m., OMIC had hit an all -time high (ATH), $ 688 from a daily low of $ 65 on Saturday.
This sudden movement brought a cumulative jump of 945%.
For the record, the World Health Organization (WHO) named the latest variant, B.1.1.529 with the pronunciation ‘Omicron’ based on the 15th letter in the Greek alphabet.
The OMIC price spike attracted the attention of crypto critics known as Mr. Whale. The figure described the incident as a ‘crypto bubble’ signal:
A crypto token named after the new COVID-19 variant ‘Omicron’ is up over 650% within the 3 days, and is now worth over $ 400 million.
If this isn’t a sign we’re in a giant bubble, I don’t know what is. pic.twitter.com/7ESD1v9wgF
- Mr. Whale (@CryptoWhale) November 28, 2021
Omicron Summary (OMIC)
Is the native token for the Omicron network operating on the Ethereum layer-2 network, Arbitrum.
Available through SushiSwap.
Its market value is not explained, and there is no further information regarding this protocol.
All -time record low (ATL), $ 48.36 on November 19, 2021.11.
Its record volume on SushiSwap hit $ 501,186 for a 24 -hour period.
The movement of these assets seems to depend heavily on speculative. Investors are asked to be careful not to make hasty decisions.
Make sure to #DYOR.
