FOMO - Fear of missing out.
For me, it was actually this year. I looked for a $pepe coin around January, because of my love for Pepe Lore memes and couldn’t find anything. Now I missed out on a meme coin of a lifetime.
It seems to me that the trend is just beginning. Meme coins did not show themselves. Except for Shiba, of course. But with the all-new, everybody should be careful, because you can simply invest in the sheetcoin and fly out into the pipe. I am still distrustful of such coins. Therefore, I would not consider it FOMO.
I think generally we should avoid meme coins most especially those that created a lot of hype in recent times because the worst thing every investor will do is to jump on a meme coin while not at its pump stage. After all, that could result in a great setback that could come along while holding those coins.
We are beginning to see a new trend that points to a direction that could not be favorable for late investment unless you ready to gamble with your money