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Omicron Coin’s popularity rests only on the coincidence that it shares its name with a new Covid variant named by the WHO. Experts warn retail investors against such bubbles.
Given that cryptos have no underlying assets that yield earnings, their values often go by the attention they get, and anything seen soaring quickly attracts punters well acquainted with the ‘greater fool’ theory, by which anything overpriced can be sold on to someone ready to pay even more
Omicron cryptocurrency which shares its name with the new Covid-19 variant has spiked more than 900 per cent in the last 48 hours, but investors need to be careful.
Omicron cryptocurrency which shares its name with the new Covid-19 variant has spiked more than 900 per cent in the last 48 hours, but investors need to be careful.
Currently, the Omicron crypto token, which is also represented by the acronym OMIC, is presently trading at $576.48 (roughly Rs. 43,311), as per CoinGecko.