Cloak Coin, from my understanding, is like Monero and ZCash which are cryptocurrencies that provide solid privacy protection.
As such they have their use case for sure and once adopted their value will be justified and hopefully appreciate. Monero is already a popular choice on the dark web and for those who value privacy above all else. That same level of validation is what is needed for Cloak Coin to stay afloat and appreciate.
So I really categorize Cloak Coin as I would any other crypto currency that is vying to be considered 'money' which means there is healthy competing but I don't see it as something that will have the disruptive capability of a Platform