Irrelevant (but still impactful) pattern:
Historical price: While historical price can provide a general overview of a memecoin’s performance, it is not necessarily a reliable indicator of the future. Many memecoins experience large price swings, and the past is no guarantee of the future.
It is important to note that these are only general patterns and do not guarantee success in any investment. The memecoin market is highly speculative and any investment decision should be made with caution and after careful analysis.
In addition to these patterns, other factors that can influence the price of a memecoin include:
Competition: The emergence of new memecoins with similar propositions can affect the demand for a particular coin.
Changes in regulation: New laws and regulations can have a significant impact on the cryptocurrency market.
Macroeconomic events: Factors such as financial crises and inflation can affect investors' risk appetite
