HIVE is inextricably linked to HBD.

Since the blockchain uses HIVE to guarantee the value of HBD, it is impossible to think of one without thinking of the other.

So, I suspect the long term movement of HIVE will be driven by the HBD market value.

The HBD monitor shows the market value of HIVE and HBD.

https://hive.ausbit.dev/hbd

The HBD guarantee creates a downward pressure on HIVE.

A sudden demand for HBD might stimulate a bump in the price of HIVE.

I am not sure if it will be a sustained bump. Regardless analysis of HIVE must include a look at the HIVE/HBD ratio.

!WINE