It's pretty dumb for cointelegraph to even write anything about this project. They are just marketing another shitty token.
Topic: Omicron token gained 900% after WHO name-new variant - page 2. (Read 192 times)
It's pretty dumb for cointelegraph to even write anything about this project. They are just marketing another shitty token.
An obscure token Omicron made a massive gain on Monday after the World Health Organization named the new covid 19 variant, the token did a 900% gain but apart from the name being the same the cryptocurrency does not have any connection with the virus.
https://cointelegraph.com/news/obscure-omicron-token-spikes-900-after-new-variant-emerges
https://cointelegraph.com/news/obscure-omicron-token-spikes-900-after-new-variant-emerges
Obviously, It's pumped by developers and their supporters to make it appear that it's gaining support but a project which is just getting pumped because of the virus not because it's gaining support because of their platform deserves further scrutiny, this could be a high-risk investment and you invest at your own risk, do your research first or you could lose everything supporting this kind of project, honestly, this is the first time I read about this project
Quote
The bond-based yield farming project began life in early November as a fork of the OlympusDAO DeFi protocol, but it shares no other connection to the virus aside from the name.
^THIS!
Its a pump and dump! DO NOT FALL FOR IT! Someone, perhaps the developers themselves, are trying to use the whole omicron situation for themselves to lure newbies into buying a coin which probably nobody would buy otherwise. Whenever you see a project pump like this, its almost always an artificial fake pump which will follow with a dump in the near future. People who buy into it almost always lose their money.
What do you expect from an obvious short term project with only 2,430 circulating supply? Of course some greedy whales will pump that shit and some noobs would try to chase the "profit". https://www.coingecko.com/en/coins/omicron#markets
It's pretty dumb for cointelegraph to even write anything about this project. They are just marketing another shitty token.
It's pretty dumb for cointelegraph to even write anything about this project. They are just marketing another shitty token.
I remember before that when the coronavirus (covid 19) also started to spread.
There was a brand of beer called Corona, and yes, it is somehow affected because of the name.
So this time, this OlumpusDAO forked project on Arbitrum network is kinda doing it again, lol.
But overall, this is just a temporary for sure, especially if the project is quality and no issue at all.
There was a brand of beer called Corona, and yes, it is somehow affected because of the name.
So this time, this OlumpusDAO forked project on Arbitrum network is kinda doing it again, lol.
But overall, this is just a temporary for sure, especially if the project is quality and no issue at all.
This is the state of the bull market we are in.
Complete euphoria and utter irrationality. People buying tokens for the sake of their name because they've just had too much money to spare.
I don't think that this is sustainable, and in the long run, a lot of the tokens that have benefited from this current bull run will come down to Earth.
Complete euphoria and utter irrationality. People buying tokens for the sake of their name because they've just had too much money to spare.
I don't think that this is sustainable, and in the long run, a lot of the tokens that have benefited from this current bull run will come down to Earth.
This is a common practice that teams use for pumps and dumps. This happens all the time around Elon Musk's tweets, when what he says is immediately monetized by similar groups. This happened when he decided to buy himself a puppy, and as a result, his post was monetized into the created Shiba Inu coin.
CMC shows an error if you visit omicron's page.
This token is just new and I smell rug pull any moment since the creation date of this token is just this November!! Yes, during this Omicron announcement by the WHO.
People should get to learn in the past about these popular rugpulls by these scam projects.
This token is just new and I smell rug pull any moment since the creation date of this token is just this November!! Yes, during this Omicron announcement by the WHO.
People should get to learn in the past about these popular rugpulls by these scam projects.
An obscure token Omicron made a massive gain on Monday after the World Health Organization named the new covid 19 variant, the token did a 900% gain but apart from the name being the same the cryptocurrency does not have any connection with the virus.
https://cointelegraph.com/news/obscure-omicron-token-spikes-900-after-new-variant-emerges
I'm really in surprise seeing such a huge pump out from a (joke) new project. It is just a hype made by someone who will take the benefits from it and then let investors will suffer in the end. https://cointelegraph.com/news/obscure-omicron-token-spikes-900-after-new-variant-emerges
Even we called it a very impressive market performance but this never bought my interest and made me risk money buying them. No, I don't spend but rather ignore this. It was very obvious that the developer of this project is no intention to help the community but rather to take advantage and might just scam.
This is what i called that as a non sense thing. To be honest this doesn't have any correlation with omicron covid but the token was using the name to gain the hype. Sometimes cryptocurrency totally non sense thing. People hyping it by pumped the token that used the same name with something gets popular. I guess that if this is caused by the whales but none knows for sure.
Crypto was very unique lol something can be pumped easily when it has the same name with something that is being popular right now.
that makes us can see how funny crypto is
Crypto was very unique lol something can be pumped easily when it has the same name with something that is being popular right now.
that makes us can see how funny crypto is
but the trading volume, although it increased by x100, did not even exceed $1 million.
I was thinking about this while reading the title of the thread, and the OP.
900%, in the case of a very low market cap coin, is misleading. You can see your inversion multiply but, if there is no demand/basement to sell, your gains will be limited not because of the price, but because of the liquidity.
Anyway, I didn't know this coin before, and I may be thinking in another kind of tokens; as Daltonik mentioned the team and community, maybe it is not so obscure as I thought at first glance.
Yes, it's just that in relation to Omicron, in my opinion, there was a click-name of the pump due to the coincidence of the name of the token with the new threat, but the trading volume, although it increased by x100, did not even exceed $1 million. But thanks to this, the token has received attention from the press and this should benefit the community and the team. 
An obscure token Omicron made a massive gain on Monday after the World Health Organization named the new covid 19 variant, the token did a 900% gain but apart from the name being the same the cryptocurrency does not have any connection with the virus.
https://cointelegraph.com/news/obscure-omicron-token-spikes-900-after-new-variant-emerges
https://cointelegraph.com/news/obscure-omicron-token-spikes-900-after-new-variant-emerges
Obviously, It's pumped by developers and their supporters to make it appear that it's gaining support but a project which is just getting pumped because of the virus not because it's gaining support because of their platform deserves further scrutiny, this could be a high-risk investment and you invest at your own risk, do your research first or you could lose everything supporting this kind of project, honestly, this is the first time I read about this project
Quote
The bond-based yield farming project began life in early November as a fork of the OlympusDAO DeFi protocol, but it shares no other connection to the virus aside from the name.
An obscure token Omicron made a massive gain on Monday after the World Health Organization named the new covid 19 variant, the token did a 900% gain but apart from the name being the same the cryptocurrency does not have any connection with the virus.
https://cointelegraph.com/news/obscure-omicron-token-spikes-900-after-new-variant-emerges
https://cointelegraph.com/news/obscure-omicron-token-spikes-900-after-new-variant-emerges
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