Someone Made An Omicron Cryptocurrency And It’s, Chillingly, Spreading
Image via Omicron
2021 has been a strange year, to say the least. One of the new elements we’re taking into the new year, it seems, is the act of making a cryptocurrency for just about anything. Apple event? Squid Game? Crypto has you covered.
Coming together for perhaps the most 2021-esque thing that could’ve been born of the year we’ve just had is the new ‘Omicron’ cryptocurrency. Yes, Omicron, as in the threatening new COVID-19 variant that everyone is giving a cautious side-eye right now.
It hasn’t been officially stated that the token was named after the virus variant, but its timing is a little too coincidental.
From US$65 on Saturday, OMIC had already hit an all-time high on Monday, peaking at US$689, per CoinGecko’s data.
“Do we even need to talk about how ridiculous this is?” editor Mark Gongloff writes in a Bloomberg Opinion piece. He likens it to “buying a hot dog because you saw a dog. Or a Mars bar because you saw Mars. Although with those examples you at least get some food out of the deal.”
On its website, the currency has described itself as a “decentralized treasury-backed currency protocol,” and may not exactly be the best thing to place a large amount of investment in. It’s also less than a month old.
As Gongloff points out, it is “so illiquid we don’t even have market-cap data for it yet.” However, given its growth, it doesn’t seem like this is stopping buyers from cashing in. Forget doomscrolling; maybe this is the new thing: doombuying?
[via Futurism, cover image via Omicron]
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