FOMO, or Fear Of Missing Out, describes the anxiety people feel when they believe they might miss out on a profitable investment opportunity. In the context of cryptocurrencies, this is particularly prevalent due to the market’s volatility and rapid price movements.When a cryptocurrency starts to surge in value, many investors experience a strong urge to buy in, fearing that they will miss the chance to benefit from potential gains. This can lead to hasty decisions and purchasing assets at inflated prices, driven by emotion rather than rational analysis.The phenomenon is amplified by social media and online communities, where news and trends spread quickly. Seeing others profiting can intensify feelings of FOMO, pushing individuals to act without fully understanding the risks involved.Ultimately, FOMO can lead to impulsive investments and may cause losses when the market corrects. It serves as a reminder to stay informed and make decisions based on careful research rather than being swayed by fear or hype.