Many people Fail in trading due to lack of patience and Endurance. Trading from every perspective requires a lot of effort from learning the concept, mastering it and doing constant practice even if it is on demo account to master the skills with time .Many are into it to make quick profits and become rich quickly and that's the reason many people fail .To become a consistent and profitable trader one need a lot of knowledge ,practice and patience that's is the basics for anyone wanting to become a professional.
Agreed some times we turn out to be like our parents but as we grow older everyone choose his own personality which can totally be different from the parents.
Not really that important at all but many people are into them which gives them value and a sense of present in the crypto-market . So I guess people have make them somewhat important .The interest in meme coins is increasing cause many have make a lot of profits from them for example pepe which makes many millionaires by just investing thousands into the project.
I use basic support and resistance in combination with price at those area of value .When it comes crypto trading I used band breaks for scalping especially on the lower timeframes. That way I am able to maintain consistency and stay profitable at the same time.
Personally I prefer to trade on my own than joining any social trading group or copying others trade .I have lost lots of money paying for those types of groups .I now trade on my own using the small knowledge I have of trading . Better to be patient and wait for my set-ups cause with time i can become a profitable trader
Most meme coins are just pump and dump don't think there have any much value apart from that . They are just very much profitable compared to most altcoins cause of all my crypto investment the one that give me the highest profits was doge coin. It was one of my best crypto-investment ever so more profits is just the advantage of meme coins over other altcoins that's why many people are still them.
Most people are not ready to learn the skills many are into trading to get rich quick rather than focusing on acquiring knowledge and practicing it for month's .Most influencers especially youtubers have make it look so simple rather than telling the actual truth about it .In Reality Trading requires a sound knowledge,patience and a good risk management for one to be profitable and it takes a long time for one to become an expert
Due to the uncertainty in the crypto-market I personally prefer to invest in short times projects have lost a lot of money investing in project with long vesting periods some times I don't get back half the money I have invested in the projects ,due to that I have stopped investing in any project with vesting program just prefer the ones that will give me all the tokens so that I will immediately sell much of it if not all to get my money back and make some profits .
No one can really tell what the altcoin market will be heading next though we are recently in a bull market now tables can turns anytime soon and market will be bearish once again. I will advise you to learn some technical analysis since you are interested in analyzing the market it will help a lot in guessing the market directions and where the price may be heading next.