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WHAT IS FOMO IN NFT

FOMO stands for “Fear of Missing Out”, which captures the fear of missing out on an opportunity.

True to its name, it describes investors and the broader market getting overexcited at the prospect of missing out on an opportunity.

It typically kicks in when an NFT collection or a token starts to surge in price and people buy in purely out of “FOMO”.

It’s the opposite of “FUD”.