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Analyzing a FOMO day with ApeCoin

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Analyzing a FOMO day with ApeCoin

I thought it would be fun to see how the day progressed on r/CryptoCurrency during the FOMO event that was ape coin.

all times are in central standard time

9:01 am - first post about ApeCoin for the day is posted (price $20.69)

https://np.reddit.com/r/CryptoCurrency/comments/udvpcm/bored_ape_yacht_club_launches_its_metaverse/

10:35 am - first ApeCoin post mentioning ATH, the FOMO begins (price $21.69)

https://np.reddit.com/r/CryptoCurrency/comments/udxspv/apecoin_at_alltime_highs_ahead_of_otherside_nft/

Few weeks ago this sub was shitting on it.

And now I get to reap the juicy profits of inversing this sub once again.

Thank you r/Cryptocurrency

01:33 pm - another post about ApeCoin (price $22.27)

https://np.reddit.com/r/CryptoCurrency/comments/ue1ua5/ape_eyes_push_above_20_as_otherside_metaverse/

one of the top comments - Lol this was so obvious, meanwhile r/Cryptocurrency kept crying about it being a scam. I don't even like nfts but I'll easily ride the wave

03:58 pm - the most bullish and arrogant post about ApeCoin yet, peak FOMO being reached (price $24.22)

https://np.reddit.com/r/CryptoCurrency/comments/ue52nd/ape_is_now_in_the_top_25_remember_when/

summary of post - all of r/cc is a bunch of smooth brain idiots and now we shall see how great ApeCoin is.

04:22 pm - clear minds try to calm the FOMO and warn others, but it is to late for some - peak FOMO reached (price $24.98)

https://np.reddit.com/r/CryptoCurrency/comments/ue5n01/for_those_experiencing_ape_fomo_the_current/

top comment: Risk/reward ratio appears too great for me now. Downside is greater than upside. Those of us on the outside likely missed their chance on this shitcoin

The Daily was also filled with many wonderful comments calling everybody a smooth brain and stating how the smart should buy ApeCoin now.

https://preview.redd.it/kw10jmbh7ew81.jpg?954&format=pjpg&auto=webp&s=d41a57150909494a980a1290b05cc1ee9e07ac33

ApeCoin is currently sitting at around $20.92, still higher than it was last week but will it continue to fall?

how many bought in at the peak only to see it drop right after?

BEWARE OF FOMO!

submitted by /u/Odlavso
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