The thing about Hive is that even with the price in the toilet, the activity on the blockchain, both blog related, gaming, development and now NFTs keeps increasing.
So there is a huge amount of real activity by real people that puts a real floor under the Hive price and will ultimately be recognised by the market.
But its important to understand that Hive represents the third wave of blockchain based paradigm shift at a time when the first paradigm shift is just starting to be understood by smart mainstream people.
These paradigm shifts are:
Bitcoin represented the first new form of money in a thousand years - a decentralised global digital money.
Ethereum represented first time lots of people could create their own own global digital money and/or token and a brand new form of capital raising.
Hive represents the ability to transform operation of the internet from a centralised Web 2.0 model to a decentralised Web 3.0 model where users take back control.
Thus it might take quite a while before Hive is properly recognised by the markets.
Very nice explanation and reasoning, and I sure hope you're right about that paradigm shift and how HIVE figures into it! As you mention, one thing that already can't be denied is the amount of real activity by real people on HIVE. That, and the developer community we have, suggests to me that HIVE has got to be one of the very best investments out there, and doubly so being so oversold (it's hard to lose when something good is at oversold extremes). It always takes a strong stomach to go against the market, but this is one time when I think the market is terribly irrational, terribly wrong. We shall see.