Is $LAYER a new force to replace $OM .

I've been following this one for over half a month and see it moving very slowly but steadily increasing.

The short ratio for this one has also reached 75%, so how can they say it will drop?

I really want to buy and hold it, but I'm also wary of new coins. Recently, 90% of new coins that hit the market have all faced significant losses. So I find it tempting but haven't dared to touch it; I'm waiting to see how BTC adjusts before buying a little.