@gregblack
Token price and community growth are positively correlated but not perfectly aligned. Expanding communities on platforms like Discord, Telegram, or Twitter typically drive awareness, liquidity, and adoption, which support price appreciation. Strong communities also create social proof and organic marketing, attracting new participants. However, correlation strength depends on project fundamentals—some tokens see inflated community numbers from airdrop hunters or bots, which doesn’t translate to sustainable value. In bull markets, community growth often leads price momentum, as narratives amplify enthusiasm. In bear markets, communities may remain active despite falling prices, signaling long-term conviction. Studies of past cycles suggest that while community metrics are a useful proxy for sentiment and adoption, they should be combined with developer activity, token utility, and liquidity data for a fuller picture of price correlation.