Yes , Using relevant and targeted hashtags on your Instagram reels can increase the visibility of your content to your followers and other viewers. As with most social media platforms, the more views and engagement your content receives, the higher the likelihood that the Instagram algorithm will recommend it to a larger audience. By incorporating trending hashtags into your reels, you can increase your chances of becoming popular and gain thousands of followers who will engage with and share your content. That can also create opportunities for you to monetize your Instagram account.