Cloakcoin is the fastest , most secure way to transact cryptocurrency using blockchain technology and truly next-gen ENIGMA encryption to create fully private transaction.
Cloakshield utilizes end to end encryption and delivers secure communication out of the box allowing nodes to circumvent traffic analysis.
Open source is important to cloak as it provides complete transparency and the ability to peer review the software.
Cloak is Proof of stake with 6% P.A., with limited circulation of supply over 5mil coins.
Advantages - Cloak is POS
- 6% P.A.
- blocktime is 60 sec
- all time high was couple months ago over 30 usd, not is around 2.20 usd
- Cloak provides full anonymity
- Big news Q3/Q4 (building iOS mobile wallets)
Disadvantages- Not good marketing set up
- small team
- Not very active on Github
Cloak Lost over 94% from previous ATH and now is trading around 32k sats on echange Bittrex.
On weeekly chart it shows indecision couple doji candles and inverted hammer, may cause reversal.
Watch carefully move of Bitcoin, because Cloak is not that strong coin so it can drop easily.
If you would like to invest then use max 2-5% of your trading or investing account
Not financial advise.
Iam looking to buy Cloak and watch how it goes.
RSI show that bears getting weaked and there is huge gap on chart so it can pump up pretty quick.
Happy trading
Use stop loss according to your strategy