Avoid FOMO in Crypto market

These days some of the coins are getting good value appreciation in the market and if I need to name one then for sure it is going to be solana. This coin is also known as SOL which is the native token for the solana blockchain network. This coin price has grown by 57% in last 7 days and I believe this is a significant value appreciation in such a short period of time.

(Created through canva mobile app)

Because of this much increase it is obvious that there is a situation called fear of missing out in the market. This is known as FOMO and in this situation people try to buy the coin even when they know that the price has grown a lot. In my opinion this is not a good state to enter in the buying zone but again things can go other way round sometimes in this market also because it is difficult for us to predict how the next price movement is going to be.

I have been in this market for about 5 years and in this span of time I have learnt one thing that we should avoid this situation of fear for missing out. Maybe one of the scenario can go in your favour but majority of the scenarios will bring some losses and this is why it is better to avoid this after situation and should not be entering the market.

I want to buy this coin but in this situation when I know that the value has increase a lot then I think it is better to wait for sometime and decide. Please do not considered these as a financial advise because what I am saying here is something that I am going to do and it may be good for me or maybe I miss out this opportunity but I am okay in both situations.

By the way what do you think about the sulana coin and how is it going to be in the coming weeks? The price has already gone beyond $100 which was not even 75 last week so there is of fantastic growth for sure which we cannot be nice..

10% beneficiary to Tron Fan Club

Thanks