Omicron Crypto surges due to new Covid Varient
Seems like crypto speculators have gotten ahead of the virus with an obscure cryptocurrency called Omicron (OMIC) now surging to an all-time high. The price of the obscure digital token, whose Twitter feed has little more than 1,000 followers, rose almost ten-fold from Friday to Monday morning when it hit $688, before tumbling as much as 75%, crypto tracker CoinGecko told Reuters. The token shares its name with the new COVID-19 variant, first discovered in South Africa on Tuesday. The World Health Organization has a policy of naming the variants after Greek alphabets. The fast-spreading B.1.1.529 strain is named after the 15th letter of the Greek alphabet, Omicron. The Omicron 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. The token came into existence earlier in November and seems to have risen wi...