A comparatively obscure Omicron has skyrocketed to an all-time precocious contiguous arsenic a caller fast-spreading COVID-19 variant was named by World Health Organization (WHO) aft the token.
As a result, Stock markets and Black Friday saw a monolithic sell-off that wiped retired November gains for the S&P 500 Index and the Nasdaq Composite precocious past week
Mr. Whale, a crypto critic, commented connected Twitter that the monolithic terms spike was a motion that things are successful a “giant bubble.”
A crypto token named aft the caller COVID-19 variant ‘Omicron’ is up implicit 650% wrong the 3 days, and is present worthy implicit $400 million.
If this isn’t a motion we’re successful a elephantine bubble, I don’t cognize what is. pic.twitter.com/7ESD1v9wgF
— Mr. Whale (@CryptoWhale) November 28, 2021
The caller week has begun with the crypto marketplace backmost successful its bullish question aft falling connected Saturday to its lowest level since mid-October.
At the clip of writing, Omicron (OMIC) had taken a flimsy retracement to commercialized astatine $375.84 aft hiting a precocious of $641.75 successful the past 24 hours.
What is Omicron?
Omicron (OMIC) is simply a decentralized reserve currency protocol that runs connected the Ethereum furniture 2 web Arbitrum.
OMIC token is supported by respective different crypto assets which see unchangeable coins, USDC, and liquidity supplier tokens.
Omicron tin beryllium traded connected decentralised exchnages similar SushiSwap, which has gained $454,000 successful measurement for the OMIC/USDC brace implicit the past 24hours.
There are presently nary further details connected OMIC token proviso oregon Market cap.