The price of hive is 100% supported by speculators like myself and others. We speculate on a number of things. The price is higher in the future, that the tech can make the world a better place for our children, etc.
Hive is backed by “digital real estate” - it allocated you space on a censorship-resistant blockchain based on the amount of hive power you have. This digital real estate may or may not be seen as a value in the future.
Hive can also act as a layer2 hub, explained in great detail in blocktrades recent post.
Thank you very much for your response, I will go see the blocktrades post.😁😁 Have a happy Sunday.