No there is no specific reason other than a single person or multiple are trying to press the price up through the orderbook by setting big buy orders in, without the real intention of buying.

I have to warn new guys about this project as it is no where as legit as you might think.

I have been, and unfortunately still are due to bad investment strategy, a holder of Cloakcoin and have been for many years now and followed their travel up and downs.

- They have no clue about how to manage a project and no funds to push things forward. The funds they had they used on listings like Binance, which they appearently spend up to 1 million USD on. Did I mentioned that they got delisted months later? And wouldn't inform their investors/community through official channels themselves until days later. We can all speculate on the reason why.

- They have not have any real updates on their software for years and if you think they don't have to as the current one is working, then tell me why are everyone else or big tech companies trying to keep up with the tech space and keeping on developing their software?

- Old members have left the team, most importantly Yogibear who had been around since the very beginning in 2014. Now he is gone, without a word from him or the team. Interesting as they have always been quick to announce new members/listings but not the other way around to inform investors/community.

- What happened to the contacts in canabis industry with a worldwide magazine?

- What happened to the update for raspberry pi so people could stake their on one? The software that were promised worked without problems in 2017, but still can function correct without problems.

- What happened to the turkeys coordinator, who for months said a payment gateway was weeks away?

- Why has the core team only (officially) been to one conference to get Cloakcoin out, shows some lack of engagement?

- What has Cloakcoin had out of their partnership with NEM?

- What has Cloakcoin had out of the PoS alliance?

All above is something to consider before moving your funds into Cloakcoin, as they haven't done anything. So back to your question again, Cloakcoin is pumping because of old holders, maybe even teammembers who is trying to pump the shit out of Cloakcoin once again.
(I forgot to mention that the first team/guy who invented Cloakcoin actually did pump and dumps before moving away from the project. Maybe that is something the team can/could see value in as the can't manage to bring real value to it)


I remain strong in my believe of this project is probably the closest thing to a scam you will ever see without it probably being one. The team has for years had many opportunities to show great leadership and transparency, but didn't.