Compass Investments

– Argoland (Argo) hit its first high in 24 years after rising 37% in the past 2 hours, taking its value to £0.3999, its highest level since 2022/11.

TVL Argo shares rose 26% to ¥15,797m, with interest in open futures rising to its highest level since 2022/11.

Despite the overbought condition indicated by the Rsi 79 indicator, analysts remain optimistic and will set a target of 0.45 if the rally continues.

Algorithm (ALGO) shares hit a new two-year high after a significant 37% increase in price over the past 24 hours. This is a continuation of the “bullish” rally that began in early May 11, which has now reached 230% .

This rise has taken the argo price to a level not seen since 2022-2011 to £0.3999. This growth is supported by the strong performance of the network. Open interest and TVL have reached record levels, indicating that the market remains optimistic about cryptocurrencies.

According to DefiLlama, TVL Algorithm views have recently increased by 26% , rising from 11.2525 million to £1.5797 million. This is a result of increased activity in the Algorithand ecosystem, which shows that more and more users are posting and using resources with algorithm-based protocols. In addition, open interest in argo futures has also risen to its highest level since 2022-2011, reaching £9,587 million, according to Coinglass data.This represents an influx of new funds into the market.

The increase in activity and interest will be complemented by the increased attractiveness of investing in Algorithand, as the annualized return on its assets (APY) has attracted significant investor attention. However, some analysts believe that the Argo Relative Strength Index (RSI), which is currently at 79, indicates that the cryptocurrency may be entering an overbought zone and that it will probably not reach a short-term correction.