Cloakcoin Price

There are two schools of thought when it comes to determining the price of a cryptocurrency like Cloakcoin.
By way of intrinsic value: Intrinsic value is typically assessed through on-chain metrics, project metrics, and financial metrics of Cloakcoin, collectively known as fundamental analysis. Factors such as the law of supply and demand, tokenomics, use case, project roadmap, and the regulatory and governance environment will influence the long-term value of Cloakcoin.
By way of price action: technical analysis , using candlestick chart patterns and indicators like MACD, RSI, and Bollinger Bands, forecasts the price of Cloakcoin on the basis that history tends to repeat itself.
Since candlestick charts reflect market sentiment, news announcements and community sentiment can also significantly influence the price action of Cloakcoin.
Long-term investors usually favor fundamental analysis, while short-term traders often depend on technical analysis. In practice, combining both approaches can yield intriguing scenarios for Cloakcoin and the broader cryptocurrency market.

Cloakcoin achieved the all-time high of $31.28 in 2018-01-02, and is currently trading at $0.06755.

Cloakcoin reached its all-time low of $0.003017 on 2020-05-28.

The current market cap of Cloakcoin is $409.39K, as 6.06M CLOAK is trading at the price of $0.06755.

There are currently 6.06M CLOAK circulating in the market. These Cloakcoin can be actively traded or used in the open market.

The maximum supply of CLOAK is ∞ , which includes its circulating supply, locked or staked supply, and the supply that has yet to be mined, minted, or created.

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of Cloakcoin is $370.24K. The FDV is calculated taking the assumption that all supply of Cloakcoin is circulation, multiplied by its current price of $0.06755.

Using an algorithm to automatically identify historical data trends, this Cloakcoin price prediction adjusts its forecast from time to time based on current market conditions. With advanced machine learning, this prediction tool can help investors gauge market probabilities before making investment decisions.

Cloakcoin offers a good potential ROI due to its inherent volatility, which presents numerous profit opportunities. However, this volatility is a double-edged sword, making it suitable for investors with high risk tolerance and a strong financial position. It is crucial to remember that Cloakcoin and the broader crypto market are subject to extreme market conditions, regulatory changes, social media influence, and other unpredictable factors. Therefore, it is advisable to exercise risk management and do your own research (DYOR) before investing in Cloakcoin.

You can buy Cloakcoin via Gate by following the steps on how to buy CLOAK once you have funded your account.