Overview
'Fear Of Missing Out' is a powerful psychological driver in the cryptocurrency market. When the price of a token starts rising rapidly, investors who haven't bought in yet may feel a desperate urge to buy, often at the peak of the cycle.
Impact
FOMO often leads to irrational decision-making, such as buying 'overhyped' projects without doing research (DYOR). It is a major contributor to market bubbles and subsequent crashes.