I don't know if these are really FOMO coins. Have you seen this article on ZeroHedge about Bitcoin VS Bitcoin Cash where the big players try to centralize/monopolize the Bitcoin trade and tried to shoot Bitcoin Cash by pumping Bitcoin up to 20k$? I think a good part of the sudden eruptions on the market could be driven by the big players trying to shoot down inconvenient competition.
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Fear Of Missing Out.
People are buying it and pushing up the price because they don't want to miss out.
Mostly it is just pump and dump.