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What is FOMO in CryptoCurrency?
FOMO refers to ‘fear of missing out.” In the investment sense and also in relation to this cryptocurrency, FOMO is a term which describes when bitcoin or an altcoin begins to see a large increase in value. Due to this sudden increase, less cautious investors begin to irrationally invest in the rising cryptocurrencies, without any examination of the current market situation.
This normally occurs because these investors are afraid to miss out on investing early if the cryptocurrencies reach massive heights.