Zcash's recent rally to multi-year highs has sparked renewed interest in privacy coins, with Syscoin (SYS), Celo (CELO), and iExec RLC (RLC) showing signs of benefiting from this trend.
Syscoin (SYS) combines Bitcoin's security with Ethereum's smart contract capabilities, experiencing a 1,200% increase in trading volume to over $50 million, while its market cap remains around $26 million. The altcoin's price rose 8.1% to $0.031, driven by increased investor activity and growing adoption.
Celo (CELO), an Ethereum Layer 2 blockchain, integrates a zero-knowledge proof privacy layer, enhancing transaction privacy. CELO's price increased by 7.08% to $0.30, with a 24-hour trading volume of $56 million. South Korean investors have shown significant interest, with Upbit accounting for 15% of global trading volume.
iExec RLC (RLC) focuses on privacy-first applications, recently completing a security audit for its Ethereum-Arbitrum bridge. RLC's trading volume surged 400% to $38 million, with its price rising 8.41% to $0.94. The integration of privacy tools into the Arbitrum ecosystem positions RLC for increased demand as privacy becomes more mainstream.
Privacy Coins Gain Momentum Amid Zcash Surge
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.