Characteristics of Low-Performing Coins

Examples: SUI, OP, ARB, ENS, AXL, PORTAL, PIXEL, PYTH, BIGTIME, ONDO, MATIC, XRP, MERL, AEVO, LTC, ICP, BLUR.

Traits:

1. Erratic Behavior:

- These coins often exhibit prolonged periods of sideways trading within wide or narrow ranges, accompanied by numerous false breakouts.

- Example: ENS.

2. Slow Progress:

- They tend to take an excessive amount of time to achieve notable gains (such as a 100% increase) or remain in consolidation phases longer than other cryptocurrencies.

- Example: MATIC.

3. Persistent Decline:

- Despite bullish market conditions, these coins fail to rise significantly and frequently decline more than anticipated.

- Examples: MERL, BLUR.

Recommendation:

- Steer Clear: It is advisable to sell off and blacklist these coins to avoid future losses, irrespective of their future market behavior.

Feel free to add more examples in the comments!

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