Amid the growth in its social activity, increased accumulation does wonders for HBAR's value.
The metric measures community interaction with tokens from social media posts. It tracks likes, retweets, comments, bookmarks, and participation from influential accounts.
“Notice the spikes in social engagement happening right before market activity/price movement . Over the past week, there have been three price pushes, all preceded by soaring social engagement.”Currently ranked as the 30th cryptocurrency asset in terms of market capitalization, HBAR’s price has seen notable growth in the past few weeks.
Further, the asset’s Chaikin Money Flow returned a positive 0.13 at press time. This indicator measures the amount of money flowing into and out of an asset over a specified period of time. A CMF value above the zero line is a sign of strength, as it shows that the market is being supplied with the liquidity necessary to drive up an asset’s value.
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