After the World Well being Group (WHO) warned of a brand new COVID-19 variant named Omicron, the cryptocurrency market, Bitcoin (CRYPTO: BTC), and the standard market went right into a tailspin. Many crypto merchants have had their positions liquidated as nicely.
Amidst all this, a brand new cryptocurrency out there, coincidently named Omicron (CRYPTO: OMIC), spiked by 137% within the final 24 hours.
The token trades solely on Arbitrum One by way of SushiSwap.
The Omicron token is now value $404, up 735% in comparison with its all-time low on November 17.
Till now, $671,081 has been deposited inside its protocols, which results in breathless projected annual yields of 70,377% for stakers.
In accordance with the buying and selling platform CoinGecko, 69% of customers be ok with the coin.
Associated Hyperlink: South African Expert Say Omicron Symptoms ‘Mild’ So Far; World Health Organization Urges Caution
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