At a time when various parts of the world are anticipating the spread of a new variant of the Corona virus (COVID-19), Omicron. This one cryptocurrency actually had a drastic jump.
The name of the crypto happens to be exactly the same as the variant that is now more exciting, namely Omicron (OMIC).
Quoted by Mashable, Wednesday (1/12/2021) Omicron had rocketed in value from USD 65 to USD 675 last weekend.
Previously, Omicron was observed to be stable in the last few weeks, but its latest price has now even increased up to 10 times.
However, the token dropped again on Tuesday (30/11) at USD 308
A crypto token named after the new COVID-19 variant ‘Omicron’ is up over 650% within the 3 days, and is now worth over $ 400 million.
If this isn’t a sign we’re in a giant bubble, I don’t know what is. pic.twitter.com/7ESD1v9wgF
- Mr. Whale (@CryptoWhale) November 28, 2021
Variant B.1.1.529 or Omicron is said to be 500% faster in transmission than the original variant of Corona SARS-CoV-2 virus first discovered in Wuhan China in December 2019.
That means, the Omicron variant transmits five times faster than the original variant. This faster transmission is thought to be due to indications of Omicron variants that can fight or evade the immune system.
The World Health Organization (WHO), in its official statement said that the cause of Omicron variants are more contagious is because they have more mutations and some of them are very worrying.
A number of countries, tightened people traveling from countries where Omicron allegedly discovered. The quarantine period for people coming from abroad was increased to 14 days.
