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).
The Omicron cryptocurrency traded
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