ZCash Treasury: Nasdaq Listed Reliance Global Goes All-In, Will ZEC Rally Continue?

Core Insights - Reliance Global has moved its entire crypto treasury to ZCash (ZEC) following a strong rally in ZEC despite a broader market downturn [1][2] - The decision aligns with the company's strategic review and belief in ZCash's long-term potential in the digital asset space [3][4] Company Strategy - Reliance Global previously held a diversified crypto portfolio including Bitcoin, Ethereum, Cardano, XRP, and Solana, with a significant purchase of Solana last month [3] - The company concluded that ZCash offers the strongest long-term opportunity for its digital asset treasury strategy after a comprehensive review [3][4] Market Outlook - ZCash's privacy-focused architecture allows for optional privacy while maintaining regulatory compliance, which is seen as beneficial for future financial systems [4] - ZEC experienced a rally, reaching highs of $730 before retracing to $500, still showing a 40% increase over the month [6] - Analysts suggest that as long as ZEC holds above a key support trendline, the market structure remains bullish, with potential for a return to the $730 range [6][7]