In October, Zcash (ZEC) rose to multi-year highs even as the overall market struggled. This surge has reignited attention to the privacy coin sector as investors look for the next potential move.
Among the coins showing early signs of benefiting from this “Zcash effect” are Syscoin (SYS), Celo (CELO), and iExec RLC (RLC), all of which are gaining momentum and indicating positions with potential for expansion.
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1. Syscoin (SYS)
Syscoin (SYS) is a blockchain that combines the security of Bitcoin with the smart contract functionality of Ethereum. It is merge-mined with Bitcoin and combines a UTXO chain for security and an EVM chain for decentralized apps to enable fast, secure, and scalable transactions.
The network’s native token, SYS, has a 24-hour trading volume of over $50 million. This represents an increase of over 1,200%, but the market cap remained close to $26 million. This gives us a volume/sales cap ratio of 1.92 (or 192%), suggesting strong market activity and potential for growth if momentum continues.
However, such increased trading activity can also lead to increased volatility, as rapid movements in buying and selling activity can cause significant price fluctuations in the short term. At the time of writing, the altcoin was trading at $0.031, up 8.1% from the past day.
In addition to increased investor activity, the network’s on-chain metrics further support growth potential. According to Syscoin explorers, the number of accounts has been steadily increasing over the past few years, indicating growing adoption.
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2.CELO
Celo is an Ethereum layer 2 blockchain designed to make digital payments fast, affordable, and accessible to everyone. It is also the first payments-focused blockchain to integrate Nightfall, an open-source zero-knowledge proof (ZKP) privacy layer. This layer maintains Celo’s speed and low costs while increasing transaction privacy.
CELO is also active in growing the privacy coin trend. The altcoin soared to $0.30, marking a daily gain of 7.08%.
24-hour trading volume reached $56 million, an increase of 115.7%. With a market capitalization of just under $200 million, CELO is attracting the attention of Korean investors.
KRW-denominated trading volume on South Korea’s Upbit exchange reached its highest value Additionally, Upbit currently accounts for approximately 15% of Celo’s global trading volume.This pattern is known to exhibit momentum when Korean retail participation increases.
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3. iExec RLC (RLC)
iExec (RLC) is a decentralized platform that simplifies building and integrating privacy-first applications. This gives users complete control over their data, choosing whether to share it, rent it, or keep it private while setting clear rules for how it is used.
Modular tools make it easy for developers to build privacy, data ownership, and governance into their apps without managing complex infrastructure. iExec is a long-term project that has been exploring the privacy story since 2017 and has survived multiple market downturns.
Data from BeInCrypto Markets showed that RLC coin, which has a market capitalization of $68.3 million, has recently attracted significant interest from traders. The token’s daily trading volume surged by nearly 400%, reaching $38 million.
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Additionally, RLC’s value has increased by 8.41% over the past day. At the time of writing, it was trading at $0.94.
On October 13, iExec announced the completion of a smart contract security audit by Halborn covering Ethereum Arbitrum Bridge and RLC contracts, increasing reliability in response to growing demand.
“iExec is the home of privacy tool builders, now live at @arbitrum. Add privacy to your existing apps or build new ones with privacy at the core,” Halborn posted.
This development addresses a key gap in the Arbitrum ecosystem, which boasts over $3.15 billion in total value locked (TVL) but previously lacked secure computational tools. iExec’s integration enables encrypted data processing for DeFi and AI applications, positioning RLC for utility-driven demand as builders deploy privacy-enhanced dApps.
As privacy becomes mainstream, iExec’s decentralized confidential computing tools are positioned to meet the needs of developers and enterprises, supporting the enduring potential of RLC.
