QUESTION: How to analyze a new memecoin with less history?

Dec '24 (edited) • 🐸 Crypto Meme Coins 🐶🌭

So I put some dollars in to $ANDY based on a recommendation from a friend. Looking at the chart, it feels hard for me to make solid projections or read cycles as it just launched in April.

How do you maximize confidence when you have less history to view? Do you have to rely on news and updates that are not on the chart? Are newer coins a lot more “hands-on?"

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