The circulating news of the omicron virus accelerated the market value of omicron crypto coins in the crypto market as per reports.
Is It really True That The Omicron Virus Accelerated The Value Of Omicron Coins?
According to recent news reports, The Circulating news Of The Omicron Virus Accelerated The Market Value Of Omicron Crypto Coins.
The omicron crypto coins stood amongst an average value coin in the crypto market. Surprisingly, from the last week, the omicron Crypto coin is rising high in the Crypto marketplace.
But the question that comes here is that what is the reason that the price value of the omicron coin suddenly reaches its peak?
Recently a new variant of coronavirus found in South Africa dispersed fastly around the globe. After the release, of the omicron variant news in the headlines. The omicron coin shot up 10x the crypto market scale per day.
The world health organization(WHO) named this new coronavirus variant of South Africa the “Omicron” coronavirus. The WHO assigned the new names to the variant of the coronavirus.
Omicron Coin Statistic:
Evidently, in November. 26 The omicron coin value surged from $65 to $680 by November 29. As per a report by CoinCap( crypto market research agency).
On Thursday, the omicron coin traded for $312 on the saturated market capitalization of nearly $312 million. However, the coin is presently standing at 50% of its peak value.
Advisingly, CoinMarketCap has alarmed the crypto investors that don’t come under the influence of the sudden surge of Omicron crypto coin. Doubtlessly, it says that the unsure performance of the omicron coin was ample, like well-known bitcoin and etherum cryptocurrency. But it doesn’t mean that it’s a valuable investment.
CoinMarketCap further narrated :
“Little is known about this decentralized finance project, and robust data surrounding the project is proving hard to come by,”
Omicron’s official web explained the coin as a “Decentralized currency protocol built on Arbitrum.”
As yet there is no sign that the coin is more vulnerable than any other cryptocurrency.
Many other cryptos are coming parallel during its sudden rise. For an instance, the escalation of Squid Game coin has no link with the blockbuster Netflix Show.
The Squid coin surged to a high of $2,800. and then promptly crashed to $0.01.
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Disclaimer: We are not experts or financial advisors. Kindly, take your decisions at your own risk.
