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You make some good points there... as to what the market forces at play might be, I believe they are the same market forces that got into the tech stock market after everything crashed in 2001-02. At that point there were a bunch of "value investors" looking to park their investment dollars where really solid projects" had been beaten down along with all the garbage. Crypto has been in this long Bear market... and there's money on the sidelines looking for opportunities, and Hive may actually be one such, given that we have had a good bit of positive press recently.
RE: HIVE is Heading Skywards: Speculative Bubble, or Seeking "Fair Value?"