The RLC token from iExec, a French cryptocurrency, surged approximately 140% in 24 hours on October 6, briefly exceeding 0.90 dollar. Its market cap approached 80 million dollars while trading volumes jumped from under 1 million to over 150 million dollars in a single day. This rally comes days after the Ethereum Foundation announced zkAPI, a privacy system for AI using zero-knowledge proofs. iExec, a Lyon-based company specializing in confidential computing, is also developing the Nox infrastructure for decentralized finance. RLC remains over 90% below its May 2021 all-time high, and its low market cap makes it particularly sensitive to speculative flows.
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