Don't miss the latest stories
Someone Made An Omicron Cryptocurrency And It’s, Chillingly, Spreading
By Ell Ko, 03 Dec 2021
Subscribe to newsletter
Like us on Facebook
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]
Receive interesting stories like this one in your inbox
Also check out these recent news