First of all, great to hear from you again Quill! Recently I went onto your page and saw you hadn't been around for some time, so yeah, good to see you back.

I think the pump is based around the Hive NFTs and the success of the Hive Punks. NFTs are taking off mainly because people enjoy collecting, and they are more interesting than just accumulating coins.

Also NFTs have had a lot of favourable press much more so than crypto in the early years, that along with celebrity endorsements seems to have really boosted the market.

With that in mind people are realising that it is more costly to obtain NFTs and also that they are not equal. Minting an NFT on Ethereum could cost hundreds of dollars, on Solana maybe twenty and on Tezos or Hive, maybe five bucks.

This is where I think Hive has started to gain traction, I wouldn't be surprised if most newbies investing in Hive do not know, or care about the blogging side of it, they just want to obtain NFTs for affordable amounts of money, which they can potentially sell for a profit in the future.

Lastly you made the point about Amazon et. al. being worth more money because they are selling more product, however you forget that we see companies rise in share price on pure speculation all the time. This happens both legitimately and fraudulently.

Look at the company Nikola, they were able to raise billions of dollars and had were valued at $32 billion dollars, even though they had sold exactly zero vehicles. In the same year Ford sold over 100 million vehicles and were valued at $29 billion.

At the end of the day Hive has a chance as long as the NFT market is evolving, after that it will hinge on the next thing to take the imagination. I've always seen that thing as gaming, it's so big and the potential is there for the first blockchain to realise this and come up with a killer game that both uses and generates crypto or NFTs in some way.

Anyway like I say, good to see you again old chap!

Cg