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Ahmedabad Health

Omicron variant helped cryptocurrency to gain new heights

by TLAteam December 1, 2021
written by TLAteam December 1, 2021
Omicron variant helped cryptocurrency to gain new heights

As the world prepares strategies to overcome yet another deadly COVID variant, Omicron, which is rapidly spreading around the globe, a cryptocurrency has risen to new heights.

Business News

As word spread about the virus’s new heavily mutated variant, Omicron, a Cryptocurrency with the same name, reached its highest value. Since the World Health Organisation gave a new COVID variant the same name, a little-known coin in the crypto space has risen by 900 percent to $689 (nearly Rs 52,000) on November 30. (WHO).

The coin was trading around $65 on November 27. (roughly Rs 4,900).

While the rest of the market was hit by concerns about a possible spike in cases of the new variant ‘omicron coin,’ the number of cases of the new variant ‘omicron coin’ reached an all-time high.

On November 26, the World Health Organization (WHO) designated the new COVID-19 variant from South Africa as Omicron. The official website of the Omicron coin describes it as a “decentralised treasury-backed currency protocol.”

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