In October, Zcash (ZEC) rallied to multi-year highs even because the broader market struggled. This surge has reignited consideration on the privateness coin sector as buyers search for the subsequent potential movers.
Among the many cash exhibiting early indicators of benefiting from this ‘Zcash impact’ are Syscoin (SYS), Celo (CELO), and iExec RLC (RLC) — all displaying rising momentum and positioning for doable growth.
Sponsored
1. Syscoin (SYS)
Syscoin (SYS) is a blockchain that mixes Bitcoin’s security with Ethereum’s smart contract capabilities. Merge-mined with Bitcoin, it combines a UTXO chain for security and an EVM chain for decentralized apps, enabling quick, safe, and scalable transactions.
The community’s native token, SYS, has a 24-hour buying and selling quantity of over $50 million. This represented a rise of over 1,200%, whereas the market cap stayed close to $26 million. This has resulted in a Vol/Mkt Cap ratio of 1.92 (or 192%), suggesting sturdy market exercise and potential progress if momentum lasts.
Nevertheless, such elevated buying and selling exercise might additionally result in heightened volatility, as speedy actions in shopping for and promoting could trigger vital value fluctuations within the quick time period. At press time, the altcoin was trading at $0.031, up 8.1% over the previous day.
Moreover the heightened investor exercise, the community’s on-chain metrics additional help progress potential. In accordance with the Syscoin explorer, the variety of accounts has steadily elevated over latest years, indicating increasing adoption.
Sponsored
2. Celo (CELO)
Celo is an Ethereum Layer 2 blockchain designed to make digital funds quick, inexpensive, and accessible to everybody. It is usually the primary payments-focused blockchain to combine Dusk, an open-source zero-knowledge proof (ZKP) privateness layer. This layer enhances transaction privateness whereas sustaining Celo’s pace and low prices.
CELO can be rallying on growing privateness coin developments. The altcoin has spiked to $0.30, marking a 7.08% each day enhance.
Its 24-hour quantity reached $56 million, up 115.7%. With a market cap slightly below $200 million, CELO is capturing consideration from South Korean buyers.
KRW-denominated buying and selling quantity on South Korea’s Upbit exchange has reached its highest since 2022. Moreover, Upbit now accounts for about 15% of Celo’s world buying and selling quantity, a sample recognized to signal momentum when Korean retail participation rises.
Sponsored
3. iExec RLC (RLC)
iExec (RLC) is a decentralized platform that simplifies constructing and integrating privacy-first applications. It lets customers preserve full management over their knowledge—selecting whether or not to share, hire, or maintain it personal—whereas setting clear guidelines on how it may be used.
With modular instruments, builders can simply embed privateness, knowledge possession, and governance into their apps with out managing advanced infrastructure. iExec is a long-standing challenge that has been pursuing the privateness narrative since 2017, surviving by a number of market downturns.
BeInCrypto Markets knowledge confirmed that its RLC coin, with a market cap of $68.3 million, has attracted substantial dealer curiosity not too long ago. The token’s each day buying and selling quantity has surged practically 400% to achieve $38 million.
Sponsored
Moreover, over the previous day, RLC’s worth has appreciated by 8.41%. At press time, it traded at $0.94.
On October 13, iExec announced the completion of a sensible contract safety audit by Halborn, overlaying its Ethereum-Arbitrum bridge and RLC contracts, enhancing belief amid rising demand.
“iExec is the builders’ house for privateness instruments, now reside on@arbitrum. Add privateness to present apps, or construct new ones with privateness on the core!” Halborn posted.
This improvement addresses a key hole in the Arbitrum ecosystem, which boasts over $3.15 billion in complete worth locked (TVL) however beforehand lacked safe computation instruments. iExec’s integration permits encrypted knowledge processing for DeFi and AI functions, positioning RLC for utility-driven demand as builders deploy privacy-enhanced dApps.
As privateness turns into mainstream, iExec’s decentralized confidential computing instruments are positioned to fulfill developer and enterprise wants, supporting RLC’s lasting potential.