Omicron crypto
How many people are holding Omicron (OMI)?
The crypto has risen from $67 to $675 Omicron crypto price Now sitting around the $600 USD price, Omicron headed in the opposite direction as Bitcoin over the bearish weekend when the new strain of COVID-19 was announced. Purely a Coincidence, the World Health Organization gave the strain the name “Omicron” based on the 15th letter of the Greek alphabet. This extremely lucky come-up for holders helps paint a picture of the times we are currently living in. While many experts are still calling for a bubble burst, there are still many out ready and willing to YOLO the next coin.
Omicron cryptocurrency price
A little-known cryptocurrency, Omicron, shot up 10 times within days last week as the news of a new variant of the coronavirus, discovered in southern Africa, spread across the world. Soon after the World Health Organization listed Omicron as a variant of concern, the crypto coin of the same name jumped from around $65 (Rs. 4,874) on November 26 to more than $680 (Rs. 50,996) by November 29, according to CoinMarketCap, a market research agency. The virtual coin's price has, however, lost half of its peak value since and was trading at $312 (Rs. 23,404) on Thursday with a fully diluted market capitalisation of $312 million (Rs. 2,340 crores). FOR DAILY UPDATES ON WHAT'S NEW AND INTERESTING IN CRYPTO Crypto critic Mr. Whale commented that the massive price spike was a sign that things are in a “giant bubble.”Refinitiv Products
CoinMarketCap cautioned investors against getting blown by the rapid rise of the Omicron crypto coin, saying though it has outperformed popular coins like Bitcoin and Ethereum, this does not mean it's a worthwhile investment. "Little is known about this decentralised finance project, and robust data surrounding the project is proving hard to come by," it added. Multimedia Even bitcoin can’t escape Omicron. The digital currency plunged over the weekend, tumbling by more than a fifth to hit $41,967. Bitcoin reached an all-time high of $68,521 last month but has since lost momentum. Despite the latest pullback the digital currency is still up 75% since the start of the year.
