Is cloakcoin going to be a popular coin in the future? After Clif High mentioned it in an interview i had to pick some up and soon after that the price went up to i believe $12 at the peak. We're currently at $4 right now so i'm still holding most of original purchase so i'm just waiting for it to get above the $10 mark again before i start unloading.
But how much higher than $12 can it go? With the limited amount outstanding of 5 million coins it compares with Decred and Dash currently with it's scarcity. So i would think $20 would be a good price for it to hit in the next bull run.
So will this coin survive and prosper? I've got a pretty good feeling that it will.
The ratio between price and numbers of coins is very good. But it depends on technology, experience of developers and if they will follow theirs promises. If they will be sucessful, price can be 50 - 75 dolars and more. Did you read roadmap and technology? Do you think it´s real? Who stay behind this project?
yeah the roadmap shows that they have a few things coming up, also a new lite wallet which is good as i've had difficulties with the current option.
i don't really know a lot about the technology in most these coins, so i just try to get an understanding of what they're used for, and since this one has a main purpose of being anonymous and secret, i figured people will want it.
This coin is a sleeper. Its TRUSTLESS and doesn't rely on master nodes. Its fast and gives an incentive to stake/mint coins which further improves the network. Also if cliff high, a coder, says that this code is tight then I definitely believe it. Will hit a few hundred dollars as the overall crypto currency market cap increases to the $ 1 trillion dollar range in the near future, especially once the average investor realizes that a master node can be compromised (or sold to the highest bidder, or court mandated search of transactions in a high profile lawsuit). Average joes can run a master node if they can afford it. If the government comes knocking with a warrant to search the transaction logs to protect against domestic terrorism, they will not put up a fight. This makes CLOAK superior. This is just all my opinion.
Nice blog. Interesting to see I'm not the only one that is thinking about this. Some people say it's a high risk market but if you're willing to hold your coins with a 2 to 5 year vision I bet the risk might not seem that high by then :-). Besides coinmarketcap.com there is: https://www.coincheckup.com This site is really helpful in my coin research. I don't know any other sites with so much indepth analysis. For example: https://www.coincheckup.com/coins/CloakCoin#analysis To watch CloakCoin Detailed report