World News Headlines November 30, 2021 Under One Ceiling 0 Omicron crypto skyrockets, and you can probably guess the reason 0 0000 0 0 more Omicron crypto skyrockets, and you can probably guess the reason November 30, 2021 Under One Ceiling now playing Transferring money from UAE abroad: what are my cheapest options November 30, 2021 Under One Ceiling WIN With Nespresso This Mother’s Day November 30, 2021 Under One Ceiling NBA Playoffs 2022: A Casual Fan's Guide to the Postseason November 30, 2021 Under One Ceiling Best New Climbing Gear of 2022 November 30, 2021 Under One Ceiling A Local Weekend Travel Guide to Austin, Texas November 30, 2021 Under One Ceiling First Drive: 2022 Range Rover Ups the Luxury SUV Experience November 30, 2021 Under One Ceiling Most Stylish Rain Jackets, Parkas, and Trench Coats for Men November 30, 2021 Under One Ceiling EU eyes Russian oil import ban as Moscow strikes western Ukraine November 30, 2021 Under One Ceiling World-class Clark Int’l Airport opens new 110,000 square-meter passenger terminal November 30, 2021 Under One Ceiling PCG: Bodies of 5 children who drowned in Taal Lake found November 30, 2021 Under One Ceiling Omicron crypto skyrockets, and you can probably guess the reason In normal times, a product sharing a name with a virus variant would be bad for business. But these are not normal times, and crypto is decidedly not a normal business. A little-known token soared in value after the World Health Organization designated Omicron a “variant of concern” on Friday. Dubbed, yes, Omicron, the token shot from around $65 in value to $675 by Sunday, according to Crypto.com. And while the price has since fallen to $308 as of the time of this writing, the timing of the surge suggests it’s based on little more than the token’s shared name with the latest variant. That’s right, people are buying a more or less random token — itself a fork of another project — for the meme potential. Those behind the Omicron project are clearly aware of the token’s oddly fortuitous spike, tweeting a side-eye emoji in response to the news. Notably, despite viral claims to the contrary, the Omicron token had its name before the WHO named the latest variant. Tweet may have been deleted Omicron would not be the first token to see its value increase in response to apparent meme-based speculation — the Shiba Inu cryptocurrency is perhaps the most recent example of that phenomenon — and it will surely not be the last. After all, memes, like exuberance, are often irrational. Related No related posts. tags: RSS Feed World News 0000 0 0 previous Prefer vacuuming by hand? Dyson cordless and Ball vacuums are up to $200 off this Cyber Monday. next Grab the GoPro Hero10 for a nice Cyber Monday price
