cloak coinmarket rank 303 before used to be 70 to 75 rank
Don't look only at CMC ranking as this only shows the market cap and this can be manipulated by whales and marketing. There are loads of shit projects that do not deserve a place in even the top-100, as they only have a fancy website with a half-finished white paper. Man, some of the top-20 coins do not even have a proper working product yet, but are valued billions of USD. On the long term, these projects will fall in the CMC ranking, no doubt about that.
I look at the following criteria for all the crypto projects i support.
1) How active is the dev team on github?
https://coincheckup.com/analysis/github2) How responsive is the community on slack, discord, bitcointalk etc. when asking a question?
3) What does the whitepaper says and is there already a working product?
4) How does the future roadmap look like and what has already been delivered in the past?
5) Is the crypto traded on main exchanges with sufficient volume?
You will see that Cloak scores well on all these criteria, just as some other great projects that a low ranked in CMC. Also, for all projects that i support, I always try to contribute in any way possible (even though I'm not a developer). I stake to keep the network secure, I help with testing user experience for new developments, i answer questions on social media. As Andreas Antonopoulos would say, focus on education, rather than specualtion to make scrypto a succes in the world.
This is what I'm talking about. This user has outlined the important metrics that make projects worthy of consideration and shows us what we all should be doing to support those projects. If the only research you do before investing is to check CMC, you are doomed to loose your money. Would you buy a car without a test drive? A house site unseen? Take a job without knowing what will be expected of you?
If you said "yes" to any of those questions, sell all your crypto, destroy your computer and cell phone and find a nice safe cave to live in because the world is going to take you for whatever it can!