Whenever this (kind of ) discussion comes up, I'm always inclined to say that either Hive is grossly undervalued, or there's a whole lot of stuff that's grossly OVERvalued.

But that's the fickle thing about almost any financial market. Somehow, speculation (and projects that amount to little more than vaporware) tend to be a lot "sexier" to liquid capital than functional projects. And Hive has increasingly become a utility coin; a utility project.

In the legacy stock market, people chase biotech and AI projects like they are fresh baked hot bread... EVEN THOUGH if you had invested $1000 in a "totally boring" manufacturing company like Applied Materials — let's say, in 1983 — you'd have something on the order of $475K today (adjusted for splits). But there's nothing "exciting" about buying it, holding it, and grinding it out. So people know about the high flyers, but not the consistent steady performers.

So is Hive undervalued? Certainly... compared to the market. In an absolute sense? I don't think we fully know how to value blockchain properties... yet.

=^..^=

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