• Hedera’s adoption milestone strengthened social sentiment among investors.
• HBAR bounced back strongly, demonstrating increased investor interest.

Blockchain technology adoption and growth is still ongoing, despite the recent turn of events in the market. The Hedera [HBAR] blockchain is a perfect example of the same, considering its latest developments.

Is your portfolio green? Check out the Hedera Profit Calculator

Hedera managed to secure the top spot on LunarCrush’s Altrank. This was a significant win for HBAR because it managed to outperform 4,479 coins in the market.

This achievement is especially noteworthy because Hedera managed to secure the favorable rating during the same week that the market crashed. In other words, this achievement underscores Hedera’s resilience.

For the second time in a row this week, Hedera Hashgraph has hit AltRank™ 1 out of the top 4,480 coins across the market.

AltRank™ is based on relative combined social + market activity. Price is up +14.751% with 9,947,371 social engagements over the past 24hrs.… pic.twitter.com/HB1gUUe6Mg

— LunarCrush (@LunarCrush) August 19, 2023

As far as social metrics are concerned, most of the market saw a surge in social dominance and social volume as the market crashed. This means the strong social metrics are not just limited to Hedera. Nevertheless, the social dominance and social volume did peak during mid-month.

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Author: Michael Nderitu

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