Its market reaction to the new Cloak wallet
It looks like the failure of the PR team...
the price is down the past couple days thats fine just buy yourself a few think long term here not short term.
Its not good idea thing long term with shitcoins, technology goes on and there will be constantly coming new coins with better and better tech.. that means these outdated coins dies
Take look to few years back, coinmarketcap snapshots are pretty good way,, and tell me, how many of top coins e.g from 2014 are increased value and how many is worthless crap now.
From top 30, 3 years ago, only bitcoins, ripples and dashs worth is increases, and many is basicly dead now
I mean really what has changed in the last month??? Oh the devs released a small update to fix some bugs, funding for future development has been decent and volume has slowed a little. Some people just want to sell because they don't like waiting. It's fine. All you need to do is make and enigma transaction, check it out and then look at all the coins ahead of this one in coinmarketcap then compare our coin supply. This is a sound investment, as far a crypto goes, as soon as this goes open source many more people will notice. All of that is not what I'm even most excited about. If cloak removes or lowers the reward for staking and makes enigma the way to earn more cloak than I would bet our node count skyrockets. This is the tech that a lot of people are missing. There are many privacy solutions but with cloak you can get what you get no where else. Privacy and... ROI!
ROI!
That's what is in demand. With cloak, POS and Enigma you have the the best of all worlds. If you don't see it then I'm sorry, if you don't believe then wait for open source but you'll pay a premium. This is an actively managed coin, with advanced privacy features, soon to be open sourced that will incentivise people to buy, hold, and secure and anonymize the network through Enigma. It will be the answer to all those noob questions you always see on all the forums you browse..." How can I mine for a profit???" Soon the only answer will be CLOAK.
Buy a ras. PI (can't wait r3r) and buy some cloak, load the software and boom, you're a full node, collecting payments for signing enigma payments.
If your worried about price right now then I don't know what to tell you, even a rocket sits on the launch pad for quite a while. But if you think about tech then just extrapolate... look at the coins above this one in market cap and ask why. If those coins are worth so much yet cloak isn't why is that??? Thats a buy signal to me.
Have fun and go Cloak!