CloakCoin altcoin guarantees superior privacy. However, the company insists that the platform’s enhanced security and privacy features are not meant to encourage illegal activities. The crypto which uses CLOAK as its ticker symbol employs the Proof-of-Stake consensus system. The platform is, therefore, easy to use and anyone with a laptop or a smartphone can access the platform.
Upon its launch, the value of CLOAK surged to reach a high of $1.47 in mid-2014. Thereafter, the crypto became dormant just as it was the case with Bitcoin. This continued until May 2017 when the cryptocurrency craze started. The price of the coin rose from $0.8 on June 2nd to $4.8 on June 5th, 2017. Unlike many major cryptos which hit their highs in January 2018, CLOAK touched its all-time high of $35.99 on December 29th, 2017. The market cap at the time was $177 million while volumes traded were in excess of $9 million.