My main contention for all these months have been volume, because the lack of that is the one huge ingredient that for me means we can't spell out FOMO yet. By definition, the hordes of people FOMOing should result in massive orders on both ends of the book.
However, it appears that this one lacking super ingredient may just be coming in hot, if I'm to believe more recent news of record trade volumes for 2019. Curious to note though that mempool's been clearing up as price is upping.
I'm glad that I'm not the one looking at volumes as sort of an indication of a FOMO. But damn, I was surprised to see the trading volumes in 24 hours, sure thing, it looks like FOMO to me. Where did all the money come from if not for people who doesn't want to miss the boat? Many will join, the price haven't touch 5 digits, so there's still a lot of chance to get on-board. Probably trading platform using Segwit and batching their transactions or traders themselves are into Segwit that's why the mempool is not that choke as compare to the 2017 FOMO.