Despite changing Total Supply, the Market Cap of Hive Coin is pretty much proportional to its Price.
The All-Time-High Market Cap of Hive Coin was around USD 1 Billion to date (2025-04-04). Currently Hive's Market Cap is sitting around USD 100 Million, one-tenth that of its All-Time-High.
Hive Coin ranks 291st by Market Cap on CoinMarketCap. I predict that it could fall to around 400th in near future.
It's a good platform for old-skool people who prefer 2D interactions, i.e. writing, photography, drawing etc.. And I believe that Hive Blockchain has some values as an information storage and timestamp instrument. Other than that, practical use cases are few.