Of course, it does. What Instagram’s algorithm also considers is some kind of growth rate of your Instagram post. Quick engagements are important for Instagram. In other words, if your post gets 2000 likes in 2 hours, it is much more important that your post gets a total of 10000 likes in 10 hours. To make a top post on Instagram, you should consider the engagement rates in a limited time. To reach the top, your Instagram post should get attention quicker than other posts.