The current rise in interest around DOGS meme coin is often referred to as FOMO (Fear of Missing Out), where investors are rushing in, driven by the fear of losing out on potential gains. This can lead to over-exuberance and inflate prices beyond sustainable levels.
FOMO often occurs when there’s a lot of hype but not necessarily any significant change in the fundamentals of the coin, such as new developments, strong adoption, or long-term growth potential. If DOGS meme coin is experiencing such a surge, it could mean that the price rise might be unsustainable in the short term, leading to a potential correction as hype fades.
Investors should be cautious during such phases as FOMO-driven rallies often result in volatility and unexpected price drops.#Write2Earn! #dogs $BTC $BNB $DOGS
