Omicron the Crypto Thing rose to about $700 from $65 between Saturday and Monday, as news of Omicron the Covid Variant spread. Do we even need to talk about how absurd this is? This is an asset trade on a low-risk exchange that is less than a month old and so illiquid we don’t even have market cap data for it yet. It has nothing to do with the Covid variant, other than possibly the third derivative effects of the disease on commerce, sentiment and markets, making it part of an investment universe that includes nearly like everything that exists.
https://www.washingtonpost.com/business/an-omicron-crypto-is-surging-because-reasons/2021/11/29/b272cbb0-5138-11ec-83d2-d9dab0e23b7e_story.html?utm_source=rss&utm_medium=referral&utm_campaign=wp_business A cryptocurrency ‘Omicron’ is bullish for a reason