A lovely vague Omicron has skyrocketed to an all-time excessive nowadays as a unusual rapid-spreading COVID-19 variant was named by World Health Group (WHO) after the token.
As a end result, Stock markets and Murky Friday saw a huge promote-off that wiped out November beneficial properties for the S&P 500 Index and the Nasdaq Composite unhurried last week
Mr. Whale, a crypto critic, commented on Twitter that the wide ticket spike was a ticket that issues are in a “wide bubble.”
A crypto token named after the unusual COVID-19 variant ‘Omicron’ is up over 650% throughout the three days, and is now fee over $400 million.
If this isn’t a ticket we’re in a wide bubble, I don’t know what is. pic.twitter.com/7ESD1v9wgF
— Mr. Whale (@CryptoWhale) November 28, 2021
The unusual week has begun with the crypto market motivate in its bullish circulation after falling on Saturday to its lowest stage since mid-October.
At the time of writing, Omicron (OMIC) had taken a microscopic retracement to trade at $375.84 after hiting a excessive of $641.75 in the last 24 hours.
What is Omicron?
Omicron (OMIC) is a decentralized reserve currency protocol that runs on the Ethereum layer two network Arbitrum.
OMIC token is supported by various different crypto sources which include actual cash, USDC, and liquidity supplier tokens.
Omicron will also be traded on decentralised exchnages love SushiSwap, which has won $454,000 in volume for the OMIC/USDC pair all the draw thru the last 24hours.
There are currently no extra crucial choices on OMIC token provide or Market cap.
