Disclaimer: This is not financial advice. Do not buy or sell anything without doing your own due diligence. This report is for entertainment purposes only. I may own, buy or sell the cryptos mentioned here at any time without notice to anyone. Now to the fun stuff.!
Ok welcome to my report # 2. If you bought DGB, congratulations. If not, check it out and wait for a nice pullback before entering.
CRYPTO BREAKOUT CANDIDATE #2
CLOAK COIN (CLOAK)
This is similar to my last pick DigiByte as far as the chart goes. Not the industry or purpose of the coin. Cloak is like Monero in the way that it is used to eliminate the chance that anyone or any government etc... could trace transactions you make with crypto. So CLOAK automatically scrambles all transactions so there is no way to trace them.
Bitcoin was initially recognized as allowing anonymous transactions across the globe and a lot of markets became based on this assumption.
It didn’t take long for people to realize that Bitcoin was not really offering true anonymity and still doesn’t do so up to this very day.
CloakCoin was one of the first digital currency concepts in the crypto market to address this inadequacy, and was introduced in 2014 with the aim of enabling people to use a coin that would provide total privacy, in a world that is more and more encroaching on the freedom of its population, stating real and perceived threats to national security as a reason to 'protect' its citizens.
Anyway, here is the current chart:
Ok so it looks eerily similar to the chart of DGB (digibyted) I know.
So tell me what you think.
Breakout, sell off and consolidate, and now breakout?
Ok so price in BTC of CLOAK at time of publish is well rats, it has gone up since I captured the chart above. But here is it below:
0.00122505 BTC or $5.04 USD.
Ok I hope you make money off your good trades.