I totally agree that technologically Cloak's price must be well into the double digits but:
I understand your analysis, but in this case, where else would you find cash for Cloak besides Livecoin and Stex?! That's the only place where there are purchase requisitions. Trading Bots or not, these are the exchanges that make the real market at the moment. Other exchanges have been locking the wallets for months like Yobit Mercatox Bitbns BitRabbit and others under the pretext of maintenance that lasts indefinitely while the guys just have to enter the command line sudo: update