I totally agree that Hive is under-valued. But I'm going to be a bit contrarian and say that I like it like that.

What I want to see is consistent, steady, sustainable growth. If HIVE is listed on exchanges, we'll get an influx of cash from speculators buying in hoping to make a quick buck then pull back out. The price will end up all over the place, which could make it harder for HBD to hold it's peg.

At present, most of the cash flowing in is from Hive enthusiasts, who are buying into the blockchain because we believe in it. We are buying HIVE (and related 2nd layer tokens) primarily for the utility they give us now, with future potential value as an investment very much a secondary thing. Rather than a flood of speculative investors, I'd rather see Hive develop additional ways to bring in new users and (just as important) retain them, and additional projects that attract fiat in exchange for some kind of service.