- The price of the Omicron (OMIC) token has skyrocketed almost 10-fold after the World Health Organization (WHO) assigned the name omicron to the new strain of coronavirus B.1.1.529 on November 26.
- Omicron is released on the Arbitrum Layer 2 protocol and is listed on the SushiSwap exchange.
The price of the Omicron (OMIC) token has skyrocketed almost 10-fold after the World Health Organization (WHO) assigned the name omicron to the new strain of coronavirus B.1.1.529 on November 26, according to data from Coingecko.
Omicron is released on the Arbitrum Layer 2 protocol and is listed on the SushiSwap exchange. On November 26, the cryptocurrency was worth approximately $ 65 per coin. On November 29, it rose 960 percent to $ 689.12 and reached an all-time high. At 11:30 Moscow time, Omicron was selling for $ 592.06. Experts warn that such skyrocketing growth could be a sign of an economic bubble.
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Omicron and Coronavirus
The most popular cryptocurrency, bitcoin, rose 5.42 percent on Monday to $ 57,347 per coin. At its peak, the price climbed to $ 58,228.5.
Omicron coronavirus strain found in South Africa. One of the features of the new version of the infection is an increase in temperature and loss of strength while maintaining the sense of smell and taste. The WHO said that existing coronavirus vaccines are effective against the new strain.
Omicron is a decentralized reserve currency protocol available on the Arbitrum Network based on the OMIC token. Each OMIC token is backed by a basket of assets (e.g. USDC, OMIC-MIM LP) in the OMIC treasury, giving it an intrinsic value that it cannot fall below. OMIC also introduces unique economic and game-theoretic dynamics into the market through staking and bonding.
Source : Coingecko
