FOMO - Fear of missing out.
For me, it was actually this year. I actually 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.
FOMO is usually affecting new people in the crypto space because we often see new people in crypto just want a quick profit from altcoins that's why many pump and dump altcoins almost like 100% in a day or within a few hours. If you missed out $PEPE then you can always look for other altcoins with your own research, don't easily fall to FOMO because an altcoin become trending.
Yep, usually Fomo is more easily exposed to new players in the world of crypto, or traders who are thirsty for profits, it will be easily provoked to make purchases because the hype is experiencing a significant increase, especially meme coins, it is very difficult if for the long term.
I'm surprised you didn't find anything. Or maybe you missed something that keeps you from investing in PEPE coin? I saw that some people could buy PEPE coins even when the price started to increase and finally, they could get profits like the people who bought it at the beginning before the launch.
You have to look for more so you don't miss something and can invest in the coins you want. There are still many new coins like PEPE but you have to look for them in more detail.
Finding coins that have the potential to pump like pepe are very difficult to obtain me, like you are looking for a needle in a straw pile, a lot of meme tokens are released and we cannot identify it clearly even though we do a careful search, meme coins that have potential pump moments like that are very Rare, unless you have news from insiders that they will do a pump on certain coins, maybe you can have that opportunity.
I used to have an incident where I bought the wrong coin, which made me suffer a loss, although not much. But I've spent a lot of time looking for it and when I found that the coins weren't going up, I was disappointed. But it was all a lesson for me and I hope not to repeat it next time. And I agree that finding coins like Pepe really takes time to identify them. We also have to avoid the temptation of certain media inviting us to buy one or two new coins we don't know about.