Guys, I've held BLOCK since it was around 2 USD so naturally I am happy with the price trend.

However, I don't understand what has happened that fundamentally warrants a parabolic rise to 8.5 USD. "Good tech", yes, probably! But given that there are multiple projects and coins that are essentially all doing what Block is doing, I am a bit nervous this might just be a Fear-of-missing-out scenario.

Pundits chasing yield wherever you can find it.

What are your thoughts?