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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