According to a new survey from Kraken, FOMO (fear of missing out) and FUD (fear, uncertainty, doubt) are the main drivers behind crypto buying decisions, affecting more than 80% of users. Nearly 88% of respondents believe they have missed out on big gains.
However, the survey also found that optimism for future gains is stronger than regret over missed opportunities.
Kraken Highlights FOMO and FUD in Crypto Investments
The survey illustrates a surprising trend of emotional influence in the crypto market. Kraken, a long-standing centralized exchange, has a vested interest in measuring this data: last month, it added 19 new tokens to its roadmap in response to the bullish post-election sentiment.
