PARIS — Trading in the
cryptocurrency Omicron exploded
Monday and its value gyrated after the
World Health Organization decided to use
that name for the latest variant of COVID-19.
اضافة اعلان
Obscure and relatively stable in recent weeks, the virtual
unit jumped to nearly $700 early Monday, about 10 times its previous value,
according to the crypto news website
CoinMarketCap.
It later fell to $152 before rebounding and stabilizing at
around $350.
The WHO on Friday gave the name Omicron to the latest
variant of the coronavirus to worry officials, following its policy to name
them after letters in the Greek alphabet.
The cryptocurrency Omicron was created in early November,
with its founders making no reference to COVID-19 at the launch.
Instead, they expressed hope that it could conserve
purchasing power independently of the market's volatility.
Omicron isn't the only virtual unit to benefit from
notoriety from the real world, only to see the gains collapse.
The Squid coin, created by fans of the TV series, rose from
$0.70 at its launch on October 21 to a peak of $2.86 on November 1.
It fell to $0.003 the following day. Traders discovered they
couldn't cash out their profits and the creators disappeared from social media.
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