FOMO
The expansion of FOMO refers to the Fear of Missing Out, which is one of the common highlights in the crypto world. It is a phenomenon that creates hype about new crypto assets, thereby encouraging new investors to seek better opportunities for returns. FOMO is practically an emotional response that drives people towards making impulsive decisions to purchase tokens at the highest price. Generally, best practices indicate that investors should not respond to FOMO and wait for the market to settle.
