I understand Hive is the gem in the blockchain industry .Now hive is more valuable and it happened because all the valued author here not greedy and rushing for quick profit but they are here building the platform which could be best social blogging on blockchain.
HIVE provides wide opportunity for everyone either you rich or poor to buy from exchange .
It is mostly because of pumping bots in Korea that pushes prices like this, but eventually, the floor raises as more people use more applications built on Hive.