Omicron Token Analysis - Is It Really Worth To Invest?

Omicron Token Analysis - Is It Really Worth To Invest?

2021-11-30 | Robin Williams

Omicron Token Analysis - Is It Really Worth To Invest?

Since Monday, the price of an obscure cryptocurrency known as Omicron (OMIC) has increased substantially as a new quickly spreading version of COVID-19 was christened with the same name. The bond-based crop farming initiative started in early November as a branch of the OlympusDAO DeFi protocol, but other than the name, it has no other viral ties. During the Asian trading session on Monday morning, Omicron's OMIC token hit a high of $689. The move generated another 200 percent profit on the token's first day of trading and a maximum value of 945 percent since it traded at around $ 65 on Saturday. The token's name is the same as the new COVID-19 variation that was discovered in South Africa on Tuesday. The rapidly spreading variant of B.1.1.529 has been assigned 15 Greek letters by the World Health Organization. Mr. The Whale, a crypto critic, said that a significant surge in prices indicated that things were "in a downward spiral." Omicron


Omicron is a new money system for Ethereum's Arbitrum layer-two network. A few other crypto assets, such as the USD Coin (USDC) stablecoin and liquidity provider tokens, support its native OMIC token. It can only be sold on the SushiSwap market, where the OMIC / USDC coupling volume was $ 454,000 just 24 hours ago. There is no extra information regarding the OMIC offer or market capitalization on the token analysis website. The revelation of the new COVID-19 diversification spread sent stock markets tumbling late last week, and a sell-off on Black Friday put a stop to November gains for the S& P 500 Index and the Nasdaq Composite. However, crypto markets began the new week in the green at the time of writing, after plunging to its lowest levels since mid-October on Saturday. In the last 24 hours, market capitalization has climbed by 5.6 percent to $ 2.71 trillion.

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