I know exactly how the market works. I've been a member of Steem since Nov 2017, an investor in crypto since mid-2014 and Have been an investor in Steem/Hive since mid-2018.
In any case, 100 is a psychological barrier. Let's think ETFs, the ones I know for crypto are top 10, top 20, and top 30. They all drop anything that reaches top 50. Waiting for an ETF that takes top 100 is a dream, nevermind, top 200.
It's a psychological barrier, that is my point. Our goal must be to get back into the top 100 and stay there. I don't give a damn about 99% of coins, it's often said that many will fail. Coincidentally, the 1% are now the top 80.
I understand being in the top 1.5% is not really a bad thing. But then again, I can make a token on Hive-engine for 100 Bee. Soon I will be able to make a token on Hive for 3 HBD. Most tokens are meaningless. I don't want Hive to be meaningless. Price is important. It's not irrelevant.
I too want Hive's market cap to reach the top 100, 50 and 20 or whatever but not because I think it's some kind of a devastating blow to fall below 100.
Cheers to agreeing with that. In any case, this conversation has helped calm my nerves and reassured me a bit.