A little known altcoin called omicron is surging as the new coronavirus variant makes headlines
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A little-known altcoin called omicron surged to a record high as the new coronavirus variant with the same name makes headlines.
The price of omicron, whose ticker is omic, peaked at $689.12 on Monday, according to CoinGecko data. That means the coin soared as much as 960% from the time the World Health Organization labeled the new variant Friday, when it was hovering just around $65.
On Monday, the digital asset was trading at $162.14 as of 8:31 a.m. ET, roughly 76% lower from its all-time high.
The altcoin has no connection to the B.1.1.529 strain other than its shared name, the 15th letter of the Greek alphabet.
The coin, a decentralized reserve currency protocol that runs on the ethereum layer-two network arbitrum, is backed by
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