FOMO is like a tool, it can easily manipulates you in the wrong way or in the right way, it's left for you, if any project has a strong FOMO it's your duty to do deep research first, don't care about missing out or not, this will safe you from unthinkable losses, FOMO is as bad as good as it is, be wise
It's hard to spend time studying a project when you see the chart moving up. If this growth is from 10 dollars to several thousand, then many people do not think and immediately throw their money into the project. Personally, I have made one important rule for myself that it is not worth investing in highly popular coins, because they can go down at any time, as it was not so long ago with YFI.