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 traders search for the following potential movers.
Among the many cash displaying early indicators of benefiting from this ‘Zcash effect’ are Syscoin (SYS), Celo (CELO), and iExec RLC (RLC) — all displaying rising momentum and positioning for potential growth.
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1. Syscoin (SYS)
Syscoin (SYS) is a blockchain that mixes Bitcoin’s safety with Ethereum’s sensible contract capabilities. Merge-mined with Bitcoin, it combines a UTXO chain for safety 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.
Nonetheless, such elevated buying and selling exercise may additionally result in heightened volatility, as speedy actions in shopping for and promoting could trigger important worth fluctuations within the brief time period. At press time, the altcoin was buying and selling at $0.031, up 8.1% over the previous day.
Syscoin (SYS) Value Efficiency. Supply: BeInCrypto Markets
Moreover the heightened investor exercise, the community’s on-chain metrics additional help progress potential. In line with the Syscoin explorer, the variety of accounts has steadily elevated over current years, indicating increasing adoption.
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2. Celo (CELO)
Celo is an Ethereum Layer 2 blockchain designed to make digital funds quick, inexpensive, and accessible to everybody. Additionally it is 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 velocity and low prices.
CELO can also be rallying on rising privateness coin traits. The altcoin has spiked to $0.30, marking a 7.08% every day improve.
Its 24-hour quantity reached $56 million, up 115.7%. With a market cap just below $200 million, CELO is capturing consideration from South Korean traders.
KRW-denominated buying and selling quantity on South Korea’s Upbit alternate has reached its highest since 2022. Moreover, Upbit now accounts for about 15% of Celo’s international buying and selling quantity, a sample recognized to sign momentum when Korean retail participation rises.
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3. iExec RLC (RLC)
iExec (RLC) is a decentralized platform that simplifies constructing and integrating privacy-first purposes. It lets customers keep full management over their information—selecting whether or not to share, lease, or maintain it non-public—whereas setting clear guidelines on how it may be used.
With modular instruments, builders can simply embed privateness, information possession, and governance into their apps with out managing advanced infrastructure. iExec is a long-standing undertaking that has been pursuing the privateness narrative since 2017, surviving by way of a number of market downturns.
BeInCrypto Markets information confirmed that its RLC coin, with a market cap of $68.3 million, has attracted substantial dealer curiosity just lately. The token’s every day buying and selling quantity has surged almost 400% to succeed in $38 million.
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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 introduced the completion of a wise contract safety audit by Halborn, overlaying its Ethereum-Arbitrum bridge and RLC contracts, enhancing belief amid rising demand.
This growth addresses a key hole within 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 information processing for DeFi and AI purposes, 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 satisfy developer and enterprise wants, supporting RLC’s lasting potential.
