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Omicron Soares to an ATH, amid the Covid-19 Pandemic Variant Outbreak
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blockchain.newsThe price of one tiny cryptocurrency, coincidently named Omicron (OMIC) after the fast-spreading Covid-19 variant, has soared to an all-time high.
OMIC token hit an all-time high of $689 during the Monday morning Asian trading session.
The move has added another 200% gains on the day for the token and a whopping 945% since Saturday when it was trading around $65.
In its initial soaring stages, OMIC added around 500% in the days since the World Health Organization named the new Covid-19 variant. To many observers, this sudden rise and fall recalled the instance of scam Squid Game-inspired cryptocurrency last month.
The quick rise and fall in the value of tiny cryptocurrencies are a common phenomenon of the volatile cryptocurrency market.
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