I also have noticed that most of the newbies are get into invest on Fomo. They always fall into it and as you said they can't control their emotions. However it is always need to be more patience before enter tge market you have to choose a right moment to entry and avoid the Fomo. Remond that a good project always gives us a huge return if there is Fomo. So we need to more wise before entry if we wanna get a good profit.
That hype created around certain coins do make a very dangerous situation as well.
Right now all the new projects only care about marketing and not about technological advancement.
I have seen so many new DeFi projects that paid 100k+ dollars just on marketing and probably spend under 10k on development. Why? Because all these newbies are interested in buying something just for marketing, and if you do marketing very well, you do not have to do anything else, you can be copy of something else with different design and as long as you can market it you will profit.