I have been sitting on cash for over a year and figured it is a good time to start buying something.
But if I had to give you some reasoning, think of the crypto space as a spectrum.
On one end of the spectrum, you have hype scams like solana:
- relatively new
- proof of stake
- premined
- goes down all the time
- focused on hype scams like NFTs, DeFi, etc.
On the other end of the spectrum, you have conservative coins like litecoin:
- 11 years old
- second highest hashrate (security)
- fair launch
- zero downtime
- focused on what matters: merchant adoption & fungibility
In a bear market, people will naturally gravitate towards the "safe haven", and so the LTC/SOL ratio should move in favor of LTC
