Cardano: Will surge in social engagements spur ADA’s prices? Looking into…
May 15, 2023
By Suzuki Shillsalot
Read Cardano’s [ADA] Price Prediction 2023-24
Cardano’s social activities soared with over 457.9 million engagements.
Despite the social buzz, ADA faced challenges.
According to the latest data, Cardano [ADA] has witnessed a surge in social activities, indicating a lively atmosphere surrounding the platform. But what precisely is the magnitude of these social engagements, and how have they influenced the trajectory of ADA?
Cardano’s social volume and dominance see a lift
Tap Tools shared a post on 13 May, revealing an impressive 457.9 million social engagements surrounding Cardano within the last seven days. Additionally, Santiment’s data indicated that Cardano’s Social Dominance experienced a notable surge starting in March.
Throughout March and April, the project commanded approximately 2% of the conversations in the crypto space, reflecting its prominence. However, the press time Social Dominance measure decreased slightly to around 1.4%.
Furthermore, the analysis of social volume indicated a similar pattern, with a peak of over 3,200 on March 22. Although the social volume remained decent, there had been a noticeable decline, with the press time figure hovering around 607 engagements.
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