• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Saturday, May 17, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Crypto

A tiny cryptocurrency called Omicron is suddenly skyrocketing

by Baisakhi Mishra
November 29, 2021
in Crypto, News
Reading Time: 2 mins read
0
Omicron is suddenly skyrocketing

Image Source: Forbes

TwitterWhatsappLinkedin

This week, a new, fast-spreading Covid-19 variation known as omicron sent Bitcoin, cryptocurrency, and traditional markets into a tailspin, prompting investors to “stay on guard.”

You might also like

Turkey’s Celebi Takes Legal Aim at India Over Security Clearance Cancellation Amid Pakistan Tensions

TikTok Faces EU Charges Over Breach of Content Transparency Laws

Epic Games Accuses Apple of Blocking Fortnite from U.S. and EU App Stores, Players Left in Limbo

Omicron is suddenly skyrocketing
Image Source: Forbes

Omicron cryptocurrency is soaring

The omicron token first surfaced in November, and it looks to be the consequence of the newly identified coronavirus strain. The Omicron cryptocurrency, abbreviated OMIC, is presently trading at $576.48, according to CoinGecko (approximately Rs. 43,311).

The  Omicron token was selling for $65 (about Rs. 4,883) on Saturday, November 27, before exploding to an all-time high of $689 (roughly Rs. 51,765) on Monday, November 29. Despite the fact that the overall crypto market hit a bottom at the end of last week, the Omicron coin saw a massive surge.

This week, the Bitcoin price dropped more than 5percent in a matter of hours, dropping from all-time highs of about $69,000 per Bitcoin to 20percent and plummeting Bitcoin into a technical bear market that has destroyed billions of dollars from the total cryptocurrency market value.

However, the price of one little cryptocurrency, which happens to be called omicron, has soared by about 500 percent in the days since the World Health Organization announced the new Covid-19 variant—reminding us of the recent surge and fall of a fraudulent Squid Game-inspired cryptocurrency.

Tiny cryptocurrencies frequently rise in value only to collapse a short time later in the frothy cryptocurrency market—which can mean even larger and more established coins regularly post abrupt, double-digit percentage gains and losses.

Last month, an unaffiliated crypto project inspired by the popular Squid Game TV show but unaffiliated with it or Netflix NFLX -0.4 percent saw its squid coin rise thousands of percent before falling to nearly nothing.

This year, a slew of meme-based cryptocurrencies, lead by dogecoin and its main rival Shiba Inu, have soared up the cryptocurrency price charts, as traders gamble that the buzz fueled by people like Tesla billionaire Elon Musk will translate to longer-term value.

According to cryptocurrency price data tracker CoinGecko, the price of omicron’s omic coin has risen from roughly $50 to almost $400 in the previous few days. Despite its rise, neither CoinGecko nor Crypto.com, a bitcoin and cryptocurrency exchange, have enough information on omicron to assign it a market valuation.

Only the contentious decentralized exchange SushiSwap may trade Omicron, which is touted as “a decentralized treasury-backed money protocol” built on the ethereum scaling technology Arbitrum and released just weeks ago.

Due to their decentralized nature, which means there is no central authority in charge, such exchanges are known to be frequently targeted by hacks, exploits, and so-called rug pulls, in which users’ cash is taken.

If you find this article informative then do not forget to share it with your friends and family!

Also read: Bitcoin may surpass Mastercard in dollar value by 2026

Tags: omicron
Tweet54SendShare15
Previous Post

ED summons Amazon India’s Head and Future Group Officials over 2019 disputed deal

Next Post

how to view Instagram profile picture

Baisakhi Mishra

Recommended For You

Turkey’s Celebi Takes Legal Aim at India Over Security Clearance Cancellation Amid Pakistan Tensions

by Anochie Esther
May 17, 2025
0
Çelebi Aviation

In a rapidly escalating diplomatic and corporate standoff, Turkish aviation services company Çelebi Aviation has filed a legal challenge against the Indian government’s decision to revoke its security...

Read more

TikTok Faces EU Charges Over Breach of Content Transparency Laws

by Anochie Esther
May 17, 2025
0
Tiktok

TikTok, one of the world’s most popular social media platforms, is under intense scrutiny in Europe after being formally charged by EU regulators with breaching key online content...

Read more

Epic Games Accuses Apple of Blocking Fortnite from U.S. and EU App Stores, Players Left in Limbo

by Anochie Esther
May 17, 2025
0
Fortnite

In a dramatic twist to one of tech’s most contentious rivalries, Epic Games has accused Apple of blocking Fortnite from returning to the U.S. and European Union App...

Read more
Next Post
how to view Instagram profile picture

how to view Instagram profile picture

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?