Which Low-Cap Privacy Coins Could Benefit from the Zcash Effect?
In October, Zcash (ZEC) rallied to multi-year highs at the same time as the broader market struggled. This surge has reignited consideration on the privateness coin sector as traders search for the subsequent potential movers.
Among the cash displaying early indicators of benefiting from this ‘Zcash impact’ are Syscoin (SYS), Celo (CELO), and iExec RLC (RLC) — all displaying rising momentum and positioning for attainable growth.
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 robust market exercise and potential progress if momentum lasts.
However, such elevated buying and selling exercise might additionally result in heightened volatility, as fast actions in shopping for and promoting might trigger vital value fluctuations in the quick time period. At press time, the altcoin was trading at $0.031, up 8.1% over the previous day.
Besides the heightened investor exercise, the community’s on-chain metrics additional help progress potential. According to the Syscoin explorer, the variety of accounts has steadily elevated over current years, indicating increasing adoption.
2. Celo (CELO)
Celo is an Ethereum Layer 2 blockchain designed to make digital funds quick, inexpensive, and accessible to everybody. It can also be the first payments-focused blockchain to combine Nightfall, 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 growing privateness coin traits. The altcoin has spiked to $0.30, marking a 7.08% day by day improve.
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 traders.
KRW-denominated buying and selling quantity on South Korea’s Upbit exchange has reached its highest since 2022. Furthermore, Upbit now accounts for about 15% of Celo’s international buying and selling quantity, a sample recognized to signal momentum when Korean retail participation rises.
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 information—selecting whether or not to share, lease, or hold 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 complicated infrastructure. iExec is a long-standing challenge that has been pursuing the privateness narrative since 2017, surviving via 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 day by day buying and selling quantity has surged almost 400% to achieve $38 million.
Furthermore, 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, masking 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 current apps, or construct new ones with privateness at the core!” Halborn posted.
This growth addresses a key hole in the Arbitrum ecosystem, which boasts over $3.15 billion in whole worth locked (TVL) however beforehand lacked safe computation instruments. iExec’s integration allows 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 fulfill developer and enterprise wants, supporting RLC’s lasting potential.
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