Exactly that is what is happening right now. The market is on the rise at a high pace. People who see this don't want to miss the opportunity of investing into cryptocurrencies and making a good profit. They are just FOMOing now. And FOMO is not a very good thing. It can make someone lose a lot of money in some situations. People should be aware of this before making an investment. Panic-buying is not your friend.
Where exactly do you see the high pace you are talking about? It just turned decently positive. That is what I would call it when you consider it from crypto's history and what pace we have seen before. There were days where the whole market jumped over 25% and that is what I call high pace. For individual coins it was much harder sometimes, they did several double ups in a day.