Omicron ($OMIC) surges and dips

Wait, don’t get confused by the term ‘Omicron.’ Here, we are not talking about the new covid variant’s cases. But we are talking about the cryptocurrency, Omicron. The coin prices recently skyrocketed post its namesake Covid variant was designated as a serious concern by WHO on November 26, 2021.

The Surge

On November 27, 2021 $OMIC was valued at $77.09 at 9:34 a.m. ET. It skyrocketed to $187.97 within just 45 minutes. Thus, increasing by 143.85% in less than an hour. Also, it reached its All-Time-High of $711.09 on November 29, 2021, at 6:54 a.m. ET, surging by a huge 211.29% in 24 hours. Moreover, it soared by a whopping 822.41% in a short span of one-half days. It soared by 246% than its opening day price of $205.12.

The prolonged decline of $OMIC and sudden spike on November 27, 2021, Source: CoinMarketCap

The Omicron crypto rallied through the crypto market dip. When almost all the trending currencies like Bitcoin, Ethereum and the meme-frenzy tokens like Shiba inu and Dogecoin declined, $OMIC surged. Its trading volume expanded manifold.

The Dip

However, yesterday itself, the Omicron crypto saw a vast dip. It was valued at $323.05 at 2:39 p.m. ET and dropped to $197.12 in a matter of 5 minutes, thus falling by 38.9%. It dipped as fast as it had surged earlier.

$OMIC dips in the last 24 hours, Source: CoinMarketCap

It somehow recovered today, at 1:29 a.m., and was valued at $429.24. However, it didn’t keep the momentum and dipped again to $347.95 at 7:49 a.m. ET. Moreover, it is still down by 11.3% and trading at $333.33 currently. Additionally, its trading volume also dipped by 74.95% to $230,461.

It is yet to see if it rebounds itself or will it dip further.

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