Two days ago the same Omicron was trading at $ 65 (about Rs 4,883). Then within two days, it reached its all-time high of $ 689 (about Rs 51,765). The Omicron token saw a huge uptick despite the overall crypto market crash at the end of last week.
Omicron may be scaling new heights but its strange connection with the new variants of COVID remains a matter of debate in the online world. The variant was first reported from South Africa on 23 November. It has been declared a concern by WHO.
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
Currently OMIC can only be traded on SushiSwap, a decentralized exchange.
According to Coingecko, the total supply of Omicron tokens is currently $2,430, which is worth $1.4 million (approximately Rs 10 crore).
The total supply of this crypto token is limited to 1 million. Due to which most of its tokens are still left for mining and trading.
Details regarding the current market cap and circulating supply of OMIC tokens are unclear. ,
The token was created as a fork of the OlympusDAO DeFi protocol, which was built on the Ethereum blockchain.
This is the second instance in recent times when a cryptocurrency named as a trending topic globally has posted massive gains overnight. Earlier in November, the price of a cryptocurrency called SQUID, inspired by the popular Netflix series Squid Game, increased by 600 percent. After that it fell 99.99 percent and investors got a big blow.
It is not yet clear whether this infectious COVID-19 strain, which is of concern to governments around the world, will continue to rise or fall.
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