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14.12 - 06:33
Crypto sharing name with Omicron variant outperformed Bitcoin soaring 900%. Can we trust it?
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Cryptocurrencies such as Bitcoin and Ethereum and global markets were sent into a tailspin following the emergence of the fast-spreading Omicron COVID-19 variant.
But one relatively new crypto named Omicron has seen a massive spike. Bn Monday, the token OMIC surged by 945 per cent since Saturday to reach an all-time high of $689 (€610).
The token coincidently bears the same name as the COVID-19 variant that was found on November 23 in South Africa.
The B.1.1.529 strain was named after the fifteenth letter of the Greek alphabet by the World Health Organization (WHO) on Friday.
The token came into existence earlier in November and appears to have risen for no other reason than the newly-named coronavirus strain.
A similar occurrence happened with
Read more on euronews.comAbout this in other media
Omicron variant found around world as more nations tighten travel rules theguardian.com /2 years ago
'Omicron' the cryptocurrency rides new variant rollercoaster economictimes.indiatimes.com /2 years ago
Powell Warns Omicron Variant Could Worsen Inflation-Boosting Bottlenecks wsj.com /2 years ago
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