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FOMO stands for “fear of missing out”. It is a psychological phenomenon that describes the feeling of anxiety or insecurity that arises when someone believes that they are missing out on a valuable or exciting opportunity or experience.

In the context of cryptocurrency, FOMO often refers to the fear of missing out on an investment opportunity. This can happen when an investor sees the price of a cryptocurrency rising rapidly and fears that they will miss out on potential gains if they do not buy in quickly.