Hive really needs serious adoption to offset inflation and price drawdown. By definition, Hive is a unique blockchain that pays for "unit of labour", not primarily/necessarily for "unit of investment." Therefore, Hive's price dynamics are really different.
We should also appreciate that Hive is doing well since 2016 despite this proposition, but it needs better resilience and adoption down the line to make it sustainable. And the proposition of adoption implies "unit of owner", not "unit of user".
RE: Making sense of Hive's tokenomics: Deflationary in Inflation