DeFi Protocol Omicron’s Token Jumps 10-Fold After Namesake Covid Variant Emerges

Posted on by American Coins & Gold

DeFi Protocol Omicron’s Token Jumps 10-Fold After Namesake Covid Variant Emerges
The World Health Organization (WHO) on Friday named the newly detected SARS-CoV-2 variant B.1.1.529 as Omicron and deemed it as a variant of concern, sending bitcoin and the broader crypto market into a tailspin along with equities.However, one little-known cryptocurrency stayed resilient and chalked up a ten-fold rally over the weekend.OMIC, the native coin of decentralized reserve currency protocol with the same name as the newly detected COVID variant Omicron, picked up a bid near $70 late Friday and rose as high as $711 on Sunday, according to data source crypto.com.The token’s surge perhaps represents peak irrationality – a case…