When HBD dropped to $1.10 a day or two ago and HIVE dropped to $0.45 territory, that left me thinking that the pump was finally over and the 'real' current price of HIVE was probably around $0.45.

Then HIVE jumped to $0.75. However, HBD jumped right along with it (see chart below).

Given the fact that stabilizers are in place to attempt to force HBD to stay at $1.00, any significant rise in HBD above $1.00 suggests to me that some sort of external force (i.e. pump) is at play. However, given that the stabilizers are also putting upward pressure on the price of HIVE (in addition to downward pressure on HBD), if HBD stays high for a prolonged period, that would not mean HIVE's 'real' price is staying put (e.g. at $0.45). A continued lengthy elevation of HBD will no doubt equate to a steadily rising 'real' price of HIVE; there's just no way of knowing what that is until HBD settles down to around $1.10 or less (imho).