Too many coins held by a few whales. Look elsewhere.
Top 100 owns 76.78 %.
Verge (XVG) is doing great. The top 100 hold 73%. I can guarantee you that if CLOAK hits the same market cap, the top 100 will hold a lot less than 73%.
I got into CLOAK because some time ago I had some loose change sitting around and I figured "What the hey?" CLOAK is my only crypto.
Warren Buffett has repeatedly stated that investors that know their markets should concentrate in stocks they know and not diversify.
But just between you and me and don't tell anybody, I have no idea where the crypto market is going to head. So I am going to diversify. It's kind of like creating my own personal crypto index fund.
I keep postponing the inevitable because it's going to mean a TON of research.
BTW does anybody know a pre-packaged crypto index fund, or coin, or whatever?
I honestly think CLOAK is a good, solid bet. But (again, please don't start the rumor that I don't know what I'm doing) but I really don't know where the crypto market is headed. I'm definitely going to hedge my bet.