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The value of the cryptocurrency ‘Omicron’ has risen as a result of a new COVID-19 variant bearing the same name.

After the World Health Organization (WHO) designated the novel COVID-19 strain "Omicron," an Ethereum-based cryptocurrency named "Omicron" saw a 945 percent increase in value over the weekend. The coin was created in November and appears to have surged solely due to the newly identified coronavirus strain. According to CoinGecko, the Omicron cryptocurrency is now trading at $576.48 (approximately Rs. 43,311).

After a new COVID-19 variant with the same name was released, the value of the crypto token ‘Omicron’ skyrocketed.

After the World Health Organization (WHO) designated the new COVID-19 strain "Omicron," the value of an Ethereum-based cryptocurrency called "Omicron" soared by 945 percent over the weekend. The token was created in November and appears to have increased solely due to the newly named coronavirus strain. According to CoinGecko, the Omicron cryptocurrency, also known as OMIC, is currently trading at $576.48 (approximately Rs. 43,311).
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