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What is FOMO?

FOMO is an acronym for “fear of missing out.” It’s a feeling of anxiety often felt when others are having a good time (or talking about having a good time). In the cryptocurrency industry, plenty of investors got FOMO in 2020 and 2021 when many crypto prices were soaring. These emotions were amplified by frequent social media posts from people touting their incredible life-changing investment returns from buying the right crypto or digital asset (such as NFTs) at the right time.