If the argument by @lighteye were correct, we should have never seen such a reversal and Hive should have apparently stayed at 10 cents (?). Clearly, market cycles are more relevant.

My argument stays, @tobetada. You are making a mistake measuring Hive with the dollar, which is even more inflationary. You should apply direct exchange value between Hive and Bitcoin, and you would see the truth: It will never grow against the Bitcoin. Never.