Zcash and Hyperliquid Stand Out in Increased Attention in August
Zcash (ZEC) recorded the largest relative increase in social dominance after August 19, averaging 183% above its previous level. Hyperliquid (HYPE) came in second, with an average increase of 44%. Bitcoin (BTC) rose by about 12% and Ether (ETH) by nearly 8%. Social dominance measures the percentage of conversations about cryptocurrencies that correspond to a specific asset. The peaks of attention did not occur simultaneously: Ether reached its peak on August 11 at 1.21%, ZEC did so on August 22 at 0.26%, and BTC and HYPE recorded their highs on August 26 at 5.82% and 0.48%, respectively. During August, the volume of mentions about BTC increased by approximately 9% compared to July, while its price advanced by nearly 26%. Attention was focused on different moments and cryptocurrencies as the market recovery progressed.
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