CloakCoin (CLOAK) Analysis

Market Cap

$4,525,663 USD

Volume (24h)

$10,848 USD

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Ranking factors:

  • Markets

    How many exchanges are there to trade this coin?

    CloakCoin Markets Rank: 3/100

  • Volume Ratio

    How actively is this asset being traded on the market?

    CloakCoin Volume Ratio Rank: 1/100

  • Market Cap

    The total cost of all coins available.

    CloakCoin Market Cap Rank: 87/100

  • 24h Change

    Is the price moving up or down?

    CloakCoin 24h Change Rank: 56/100

  • Social Following

    How many users are following this coin?

    CloakCoin Social Following Rank: 91/100

  • Google Trends

    How many users are searching for the coin?

    CloakCoin Google Trends Rank: 1/100

  • Twitter Citation

    How many users are talking about this coin in Twitter?

    CloakCoin Twitter Citation Rank: 29/100

  • User Voting

    How popular is this coin among Cointobuy community?

    CloakCoin User Voting Rank: 95/100

CloakCoin investment analysis

This coin uses what they call "Enigma", which is essentially a fancy mixing protocol to obscure the network user's transactions and to hide the origin of crypto payments received. Every token holder can begin staking their assets to turn themselves into a node for the Enigma network.

Users can then have their coins bounced between these nodes, which will then mix the coins sent to hide the actual transactions. Node operators can also earn additional tokens for their work in securing the network, which may make this an attractive option to investors looking for a privacy coin for their portfolio.

However, as far as privacy options go, this one is a little lacking in features. While for some people a mixing service will suffice, for most hardcore privacy users this is not enough. With no support for popular features such as stealth transactions, ring signatures or zero-knowledge protocols, the future of CLOAK is unsure. It's important that investors evaluate all competing options before making a CloakCoin investment, as some key pieces of the puzzle may be missing here.

CloakCoin investment price
CloakCoin expected Profit

The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing possible profit rate in the coming months.

CloakCoin Potential Price

The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing the possible price in the coming months.

CloakCoin Rating

The current coin position in cryptocurrency rankings by Safety Rank and Potential Profit.

by Safety
by Profit
historical data

How to buy CloakCoin?

Fortunately for investors, they have many options available to them when it comes time to buy CloakCoin. This asset is available on several high volume options, and there's a lot of liquidity here between them all. Bitcoin would be the most viable trading pair, as it holds most of the trading volume, but there is a little wiggle room with Ethereum as well if you prefer that option.

The best way to store your investment is by utilizing the official wallet, which you can find at their website. They have installation packages available for Windows, Linux and Mac operating systems. After you have downloaded the correct wallet, be sure that you create a back up of your wallet file in a safe place in the event of hardware failure. This is the only way for you to access your coins on a new machine.