Probably not.
The price is what it is might be more accurate to say. Take for example Chainlink my guess is they have big friends because for their price to now be at the $25 mark it sure as hell is not based on the product.
In crypto there are many things that ones you actually look at it you can't help but bash your head against the wall in hopes of a concussion so you may understand the reasoning.
No reason
Off the cuff I can probably understand $Uni jumping in worth, Uniswap has a practical use. Although now less useful with the bullshit Eth fees, but nonetheless.
For many others, there is no reason for their cost to be so high. This is not because I am bitter for buying XRP at the worst fucking time possible.
The only reasoning is, popularity. So no reason that a person can try to objectively measure. Nothing seems very objective as it is.
There is no objective reason why $Bitcoin still is the king, apart maybe from that it just has always been. It is good to see some legit quality projects rising up like Polkadot and Cardano, obviously @trumpman's fucking fave Travala.
These projects are nice to see because they have problems they are solving, something I personally like in any token. That is where my reasoning seems to be severely flawed. I buy because I like the idea or use case.
Pretty fucktarded from the looks of things.
I even go so far as to not buy because they seem to not be solving the problem in a fashion that makes sense to me.
Poor 'Ol DPOS
Maybe that should just be "Poor 'ol Hive and friends" because I am not too informed on how the other DPOS and graphene chains are doing but my guess would be pretty shitty.
It will always be more shitty than we would like. This is different. Hive and friends will obviously struggle to get anywhere because it is still a social network. Worse than that. It is tiny. It is extremely good at reminding people how insignificant they are.
On Youtube and the likes you have to kinda guess at someones worth, on Hive that worth is very much in your face. This reminds you that yours is also only a few cents.
Obviously, I don't give a fuck but I can't help but think that Proof of Stake in an earning environment is not something someone might be readily drawn to. It feels unfair, many times is unfair and fuck it I won't wear my big boy pants.
So I can definitely see why $Hive won't ever really gain in worth on merit alone. Games like that monster card thingy, the beer thingy and the other thingy with a city or whatnot can help bring in money by abstracting the seedy underbelly of stake and posting away.
LeoFinance, for the most part, is straightforward about what they do, so are most of the other communities. You would need to be a complete idiot to think it is not competitive when posting to a niche like Leo.
LeoFinance, StemGeeks and the communities with their own frontends will be the and should have been the ones already to make strides because that is how the normal blogging world works.
They pay less though.
So I am not really concerned with why is the value of $hive so low, or whatever the price is. I think $Hive and friends are in a different league and eventually, we will join up with the other leagues. Some cough cough Leo are making strides in getting their token there, but the thing is they are also making strides in getting their tech there.
Before you know it and given everyone just keeps building their shit then things like DPOS social chains will seem far less "Corrupt" and far more akin to the norm making investing in their futures not giving a bunch of lucky whale fucks a quick buck but would be investing into an actual product for society at large.
Obviously, the small fishies will also make a quick buck but it is much nicer to hate on the whales. Boowoowoo.