Omicron token matching the name of the Covid strain reached 5 thousand to 43 thousand rupees in two days!

The price of an Ethereum-based cryptocurrency named “Omicron” has increased by 945 percent after the World Health Organization (WHO) named the new COVID-19 variant as “Omicron”. The token came into existence in early November and it seems that the only reason for the increase in its price is due to the name of the new variant of Corona. According to CoinGecko, currently the Omicron crypto token, abbreviated as OMIC, is trading at $576.48 (approximately Rs 43,311).

Two days ago the same Omicron was trading at $ 65 (about Rs 4,883). Then within two days, it reached its all-time high of $ 689 (about Rs 51,765). The Omicron token saw a huge uptick despite the overall crypto market crash at the end of last week.

Omicron may be scaling new heights but its strange connection with the new variants of Kovid remains a matter of debate in the online world. The variant was first reported from South Africa on 23 November. It has been declared a concern by WHO.

Currently OMIC can only be traded on SushiSwap, a decentralized exchange.
Coingecko As of now the total supply of Omicron tokens is $2,430, which is valued at $1.4 million (approximately Rs 10 crore).

The total supply of this crypto token is limited to 1 million. Due to which most of its tokens are still left for mining and trading.
Details regarding the current market cap and circulating supply of OMIC tokens are unclear. ,
The token was created as a fork of the OlympusDAO DeFi protocol, which was built on the Ethereum blockchain.

This is the second instance in recent days when a cryptocurrency named as a trending topic globally has posted massive gains overnight. Earlier in November, the price of a cryptocurrency called SQUID, inspired by the popular Netflix series Squid Game, increased by 600 percent. After that it fell by 99.99 percent and the investors got a big blow.
It is not yet clear whether this infectious COVID-19 strain, which is of concern to governments around the world, will continue to rise or fall.